Australian miner Sundance Resources has filed a Memorial of Claim with the International Chamber of Commerce against the Republic of Congo as part of an ongoing iron ore dispute.
Sundance is seeking $8.8 billion in damages over the Mbalam-Nabeba iron ore project, which spans the border between Congo and Cameroon. The company has yet to begin mining due to legal disputes with both African countries.
Congo’s government revoked Sundance subsidiary Congo Iron’s exploitation permit for the Nabeba iron ore tenement on 30 November 2020, later awarding it to Sangha Mining Development SASU.
Sundance said Congo has until November to respond to the Memorial of Claim.
The first hearing, which follows other procedural requirements, is not expected until Q1 2024.
Separately, the miner said Cameroon has failed in an appeal against an interim order restraining the government from granting exploitation rights over the Mbalam iron ore deposit to other parties.
Source: Sundance Resources