Dec 22, 2020 Australian miner Sundance Resources has kicked off an arbitration process against Congo Republic for damages of $8.76bn after the government of Congo revoked its permit for the Nabeba iron ore project. On 30 November, the Government of Congo issued a decree to withdraw the mining permit from Sundances subsidiary Congo Iron. Avima Iron Ore Limited owns the world class Avima iron ore deposit situated in the North West Republic of Congo. Socrates Vasiliades tax goal in mining services is to help achieve a zero harm mining
Mar 13, 2021 Congo Republic on Saturday has signed two mining conventions with Congos Sangha Mining to exploit iron ore on licenses the government withdrew last year from Australian miners Sundance and Equatorial Resources, and Nevis-registered Avima. The government of Congo revoked the licenses on Avima Badondo, operated by Equatorial Resources, and Nabeba, owned by Aug 16, 2015 Congo iron ore not what it was. Equatorial Resources sale of its permitted Mayoko-Moussondji iron ore project in the Republic of Congo paints an ugly picture of the change in fortunes for iron ...
The Nabeba Mining Permit and Ibanga Exploration Permit are owned by Congo Iron SA, a company incorporated in the Republic of Congo which is an 85%-owned subsidiary of Sundance Resources. These permits cover a combined area of 956.6 square kilometres in the Sangha Province located in the northern region of the Republic of Congo.These permit ... Mar 13, 2021 Congo Republic on Saturday has signed two mining conventions with Congos Sangha Mining to exploit iron ore on licenses the government withdrew last
May 04, 2021 (Business in Cameroon) - Australian mining company Sundance Ressources is claiming US$8.76 billion (over XAF4,700 billion at the current exchange rate) compensation in the case between it and the government of Congo, which withdrew the mining companys permit to develop the Mbalam-Nabeba iron ore project straddling the border of Cameroon and the Republic of Congo. Jun 08, 2021 Avima Iron Ore has initiated an arbitration process against the Congo Republic and is seeking $27bn in damages for cancelling its mining permit last year. The arbitration has been filed by the companys subsidiary Avima Fer Congo and its affiliates before the International Court of Arbitration of the International Chamber of Commerce (ICC).
Oct 07, 2010 Core Mining Ltd., an iron ore explorer backed by OAO Severstal, said its project in the Republic of Congo may cost as much as $4 billion and that it Aug 15, 2019 Iron and iron ore have also been discovered in other places such as Mayoko-Moussondji, Mayoko-Lekoumou, parts of the Archaean Congo Craton, and a few other places. Just like petroleum mining above, the companies involved are foreign
Mar 15, 2021 BRAZZAVILLE Congo Republic on Saturday has signed two mining conventions with Congos Sangha Mining to exploit iron-ore on licenses the government withdrew last year from Australian miners ... Mar 15, 2021 Congo Republic on Saturday has signed two mining conventions with Congos Sangha Mining to exploit iron-ore on licenses the government withdrew last
Jun 08, 2021 A UNITED Arab Emirates company is the latest to dispute the loss of an iron ore mining licence in the Republic of Congo, said Reuters.Avima Iron Ore launched arbitration proceedings and is The Mbalam Iron Ore Project is based on Exploration Permit No. 92 (EP92) located 300 km southeast of the capital city of Yaounde in the Republic of Cameroon. The permit area forms part of a larger iron ore province extending from Cameroon into neighbouring Gabon and Congo (refer Figure 2).
About Us. The Companys flagship asset is its 50% less one share interest in the Zanaga Iron Ore Project located in the Republic of Congo, also commonly known as Congo-Brazzaville. Glencore plc owns the other 50% plus one share interest and has effective The mining sector in the Republic of Congo is still in its infancy. There are currently no large-scale mining operations, only small-scale domestic operations. However, the country is believed to have significant reserves of iron ore, copper, diamonds, phosphate,
Jun 15, 2021 Avima Iron Ore Limited (Avima), whose Avima mining license was illegally expropriated by the Republic of the Congo (Congo), has been informed that the Avima license is 2 days ago Sundance sets out its grievances against Brazzaville and Yaound over Nabeba-Mbalam iron ore As it considers whether to go to arbitration with Congo and Cameroon over the unilateral decision to rescind its iron ore mining permit for Nabeba-Mbalam, Australias Sundance Resources is claiming that the two states breached a series of agreements and did not inform them in time of their
that it has been wrongly expropriated of the Avima roni ore deposit in Congo. Avima was scheduled to start production and ship highgrade iron ore to customers in January 2021- . Avima started the project 14 years ago and developed it from an obscure grass roots area into a world class iron ore deposit. Republic of Congo cancels iron ore project with Sundance Resources. Instead, permits for three areas known as Avima, Nabeba and Bandodo have been awarded to Sangha Mining Development, a company based in the city of Pointe-Noire, according to the decree obtained by Bloomberg. The deposit on the Congolese side is estimated to hold at least 500 ...