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CONGO Issue dated 17/08/2021

Shareholder row breaks out amid iron war between Congo Mining and Brazzaville

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“Brazzaville facing hefty arbitration over withdrawn iron ore permits”

CONGO

Brazzaville facing hefty arbitration over withdrawn iron ore permits

President Denis Sassou Nguesso's decision to withdraw several iron ore mining permits in late 2020 has thrust arbitration proceedings on the heavily-indebted country involving at least $40bn. All of the plaintiffs - Australia's Sundance Resources and Equatorial Resources, Saint Kitts and Nevis-based Avima Iron Ore and Britain's Midus Holdings - are being assisted by law firm Clifford Chance. The case underscores Congo's relations with China, the source of capital for the buyer of three of the withdrawn iron ore permits: Sangha Mining Development. [...]

Congo Mining's majority shareholder is threatening Brazzaville for unilaterally withdrawing its iron licence, but partly blames the problem on its minority partners in the project. [...] (558 words)

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$8.76 billion arbitration: Sundance opens a second iron ore battlefront against Brazzaville

Its subsidiary Congo Iron initiated arbitration against Congo in March over its unilateral withdrawal from its Nabeba iron project, and in late June the parent company Australian Sundance followed suit and has requested that the two actions be judged together. [...]

CONGO 19/05/2021

WNR launches arbitration against Brazzaville after its Marine XI ousting

Furious at having lost its shares in the Marine XI oil block, World Natural Resources has decided to bring its dispute with the Congolese state before the World Bank's ICSID tribunal. [...]

The gas installations of In Salah, Algeria. © Petrofac

ALGERIA 04/02/2021

Petrofac files for arbitration at risk of losing Sonatrach markets

Petrofac had no other choice but to bring the courts into its dispute with the oil trio Equinor-BP-Sonatrach but may end up paying a high price for the move. [...]

EGYPT 13/11/2020

Pharos Energy's ex-Soco execs willing to sell up at bargain rates

After leaving the DRC, Congo and Angola, Ed Story's junior oil firm Pharos Energy, formerly Soco International, wants to reduce its assets in its last African stronghold, Egypt, even if it means at a loss. [...]

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Alexander Haly
Amjad Bseisu
Avima Iron Ore
Blackdown Resources (UK) Ltd
Clifford Chance
Congo Mining
Curzon Resources
ENI
EnQuest
Equatorial Resources
Forbes Manhattan
Harmony Minerals
ICSID
Midus Global
Mishcon de Reya
Nick Clarke
Petro Services
Petrofac
Petroserve
Pharos Energy
Rui de Sousa
Sangha Mining
Soco International
Stan Bharti
Sundance Resources
World Natural Resources

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The unseen hands at play in US ruling against DRC in Dig Oil award

Macron envisions Paris as a global development finance hub

Shareholder row breaks out amid iron war between Congo Mining and Brazzaville

Brazzaville facing hefty arbitration over withdrawn iron ore permits

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Mediation efforts continue as Farmajo and Roble remain at daggers drawn

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$8.76 billion arbitration: Sundance opens a second iron ore battlefront against Brazzaville

WNR launches arbitration against Brazzaville after its Marine XI ousting

Petrofac files for arbitration at risk of losing Sonatrach markets

Pharos Energy's ex-Soco execs willing to sell up at bargain rates

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The unseen hands at play in US ruling against DRC in Dig Oil award

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Shareholder row breaks out amid iron war between Congo Mining and Brazzaville

Brazzaville facing hefty arbitration over withdrawn iron ore permits

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Free Articles

Mediation efforts continue as Farmajo and Roble remain at daggers drawn

Israel's Delek Drilling shows interest in Lake Albert permits once owned by Dan Gertler

Mahamat Déby's Herculean labours to secure Chad's borders

$8.76 billion arbitration: Sundance opens a second iron ore battlefront against Brazzaville

WNR launches arbitration against Brazzaville after its Marine XI ousting

Petrofac files for arbitration at risk of losing Sonatrach markets

Pharos Energy's ex-Soco execs willing to sell up at bargain rates

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