A subsidiary of Chinese metallurgical company Zijin Jinxiang Lithium is suing AVZ Minerals of Austria for the right to develop the Manono lithium mine site in DR Congo.
On 23 October, a subsidiary of Zijin and DR Congo's state-owned company Cominiere said it had received an exploration licence for the northeastern section of the mine. The licence was previously held by Australia's AVZ Minerals, but the DRC's Ministry of Industry revoked the permit in February, arguing unsatisfactory timing of the work.
AVZ representatives said they would challenge the decision in court. The company has filed a lawsuit against Cominiere and a division of Zijin. "AVZ is in constructive discussions with the DRC government to create conditions for the issuance of the mining licence and to resolve arbitration disputes between AVZ and DRC-controlled entities," the company said in a statement.
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On 23 October, a subsidiary of Zijin and DR Congo's state-owned company Cominiere said it had received an exploration licence for the northeastern section of the mine. The licence was previously held by Australia's AVZ Minerals, but the DRC's Ministry of Industry revoked the permit in February, arguing unsatisfactory timing of the work.
AVZ representatives said they would challenge the decision in court. The company has filed a lawsuit against Cominiere and a division of Zijin. "AVZ is in constructive discussions with the DRC government to create conditions for the issuance of the mining licence and to resolve arbitration disputes between AVZ and DRC-controlled entities," the company said in a statement.
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