Australia's AVZ Minerals scores legal victory against Congo over disputed lithium mine
Australia's AVZ Minerals said on Friday it secured a legal victory over the Democratic Republic of Congo (DRC) and China's Zijin Mining over the Manono lithium mine rights, and is in talks with US parties to raise funds for the project. The International Court of Arbitration of the International Chamber of Commerce (ICC) ordered DRC's state-owned Cominiere to pay a penalty of €39.1-million for not complying with earlier orders to stop any actions terminating its joint venture with AVZ.
Australia's AVZ Minerals said on Friday it secured a legal victory over the Democratic Republic of Congo (DRC) and China's Zijin Mining over the Manono lithium mine rights, and is in talks with US parties to raise funds for the project. The International Court of Arbitration of the International Chamber of Commerce (ICC) ordered DRC's state-owned Cominiere to pay a penalty of €39.1-million for not complying with earlier orders to stop any actions terminating its joint venture with AVZ.
