Spikerama
Regular
There is a fourth ICSID outcome, which you may be familiar with...
4. AVZ Minerals v. Democratic Republic of Congo
(ICSID Case No. ARB/23/18)
Case details:
Claimant: AVZ Minerals Pty Ltd
Year: 2025
Summary:
Outcome: The ICSID tribunal awarded AVZ Minerals $US20 billion compensation plus a further $US200 million in costs and exemplary fines.
- The DRC government failed to grant an exploitation permit (mining license) for the Manono Lithium and Tin Project in accordance with its Mining Code.
- The DRC government failed to adhere to its mining code regarding AVZ's rights over the Manono exploration tenements (PR 13359), and
- Cominiere (90% DRC govt owned) corruptly expropriated AVZ’s Manono tenement (PR13359), and on-sold 71% of the tenement to the equally corrupt Chinese miner, Zijin Mining. Cominiere retained 39%.
Cheers
F
So what's the total fines Cominiere have been ordered to pay so far from the ICC case? All court costs and 22,000,000?