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Arbitration against Congo’s Gecamines to begin

The international arbitration against Congolese state mining company Gecamines is set to commence. MMG Limited, a mid-tier global resources company that mines, explores and develops base metal projects around the world announced it is set to launch the arbitration.

Accusations

The Hong Kong-listed firm is accusing Gecamines of signing a contract ordering armed forces to enter Nambulwa mining lease on Sept. 16. MMG staff were able to return to site and continue work from Sept. 28 but the armed forces remained there.

The firm added that security forces removed MMG staff from its Sokoroshe II mining lease on July 1, again citing two research contracts for the area with third parties signed by Gecamines.

“We intend intends to commence international arbitration in the International Chamber of Commerce in Paris and Geneva. MMG continues to be denied access to Sokoroshe II, which it plans to mine along with Nambulwa as part of an expansion of its Kinsevere operation. We continue to make formal requests to both Gecamines and the ministry of mines for Gecamines to withdraw the agreements with third parties and remove the armed forces and third parties from the sites,” said majority owned by China MinMetals, said in a statement.

 

 

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