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AVZ Minerals to file arbitration over contested Congo lithium mine

admin by admin
October 31, 2023
in News


AVZ is seeking relief under International Criminal Court rules to maintain and preserve the rights of Dathcom Mining SA, through which it said owns the Manono project.

The company has pending legal challenges against Cominiere and another unit of Zijin.

The permit to develop one of the world’s largest hard rock deposits of the mineral initially belonged to AVZ Minerals. The permit was revoked in February by the DRC’s mines ministry which said the company had not developed the project fast enough.

China’s Zijin last week said it will defend its right to advance the lithium mine, after it was granted permission to develop the deposit.

(By Ayushman Ojha; Editing by Mrigank Dhaniwala)





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