Avz Minerals wins a legal battle over the conflict

The Australian company AVZ MINERALS stated that the International Chamber of Commerce Court (ICC) has issued a partial prize ordering the Democratic Republic of the Congo (DRC) to pay 39.1 million euros (42.4 million dollars) in addition to failure to comply with emergency orders.

This ruling follows a conflict between Avz International (Avzi) and Cominière due to the violations of the Jva (JVA) agreement related to the Manono Lithium project, one of the largest rock lithium deposits in the world.

Avz originally kept the Manono project permit. The Ministry of Mines in the Democratic Republic of the Congo signed the ministerial decree that gives the mining license to the Manono Lithium project in Avz Minerals in May 2022.

However, the DRC MINES Ministry canceled the declaration in 2023, noting the delay in the development of the project. Rights were subsequently granted to a company affiliated with the Chinese Zijin Mining company, which led to relief request through the International Criminal Court Reuters.

The court emphasized that Cominière violated previous orders by extending the PR 13359 mining title under its own name, dividing public relations 13359 and setting PR 15775 to Manono Lithium, a joint venture with the Zijin mining group in China.

Cominière’s attempt to cancel emergency orders has been rejected, and the court reaffirmed the orders issued in May and November 2023. The court also retained its decision on any additional penalties if Cominière continued to violate these orders.

In a separate legal case (ICC 27769/SP), Cominière and Jin Cheng Mining Company, a subsidiary of the Zijin Mining Group group, filed a complaint against Avzi, claiming Dathcom JVA breach.

ICC Court has issued a partial prize, which refused to objected to Avzi on the resources of Dathomir Mining Resources Sarlu (Dathomir) in the case as a party. Dathomir is now an official part of the procedures.

In the treatment of media speculation, Avz confirmed that its representatives visited the United States to explore the potential financing of the Manono Lithium project. Although AVZ met with interested parties, official investment proposals have not been received and discussions remain preliminary.

Avz has confirmed that it will provide updates as required.

“Avz Minerals defeats a legal battle over the conflict of the Lithium Congo mine” was originally created and published by Mining technologyThe brand owned by Globaldata.

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