Kodal Minerals’ Mali lithium mine remains on track for Q1 2025 production
Once in production, the Bougouni project will become the first lithium mine in Mali.
Sundance Resources has reached an agreement with Congo Republic to settle a dispute over the Nabeba iron ore project, the Australian mining company said on Wednesday.
Sundance Resources had sought arbitration against the central African nation, seeking $8.8 billion in damages over Congo’s decision to revoke its permit on the project and award it to a little-known company instead.
“The Republic of Congo, Sundance Resources Limited and Congo Iron SA wish to announce that a mediation has concluded and resulted in the execution of a conditional binding confidential settlement agreement, which will settle and bring to an end the ongoing dispute,” the firm said in a statement.
The Mbalam-Nabeba project straddles the border of Congo and Cameroon.
Sundance is in a separate dispute with Cameroon over an iron ore licence.
It said in a July 2 statement that proceedings against Cameroon were scheduled to be heard by the International Chamber of Commerce in Paris on January 27-31, 2025.
“The Conditional Settlement with Congo… will not affect the company’s ICC arbitration against Cameroon,” it said.
(By Anait Miridzhanian; Editing by Bate Felix and Jason Neely)
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