AVZ Minerals resumes arbitration against DRC over disputed lithium deposit, facing legal challenges

From Yahoo Finance: 2025-06-24 07:20:00

AVZ Minerals resumes arbitration proceedings against the DRC over a disputed lithium deposit after a suspension period ends without engagement. ICSID proceedings were paused until June 2025 but resumed due to lack of DRC participation. The company takes legal action to hold DRC accountable and pursues ICC proceedings against Cominière.

AVZ Minerals asserts majority stake in Dathcom and legal claims to the Manono Project. An ICC tribunal ordered Cominière to pay €39.1m plus interest for failing to comply with emergency orders related to a joint venture agreement. The dispute involves breaches concerning the Manono lithium project, known for its substantial lithium deposits.

AVZ Minerals secures permit to develop the Manono Project, with the DRC Ministry of Mines granting a mining license in May 2022. The company remains open to discussions while pursuing legal action against non-compliance. The situation demonstrates the complexities and challenges in the mining sector, particularly in disputed territories.



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