my calculation:
Tthe claimants will receive US$90 million from Tanzania, of which the process financiers will get US$23 million, leaving US$67 million to the claimants. about 69% of this amount, corresponding to US$46 million, currently around A$70.5 million, could be attributable to IDA. According to earlier statements, IDA wanted to retain A$15-20 million for exploration etc. This would leave A$50-55m available for distribution to shareholders.
Regarding the 69% share see "Settlement of Shareholder Dispute" announcement (6 December 2023)
Keep in mind: "Distributionbetween the Claimants is currently being negotiated with a furtherannouncement to be made in due course". On 6 December 2023 IDA stated "...the Award may not necessarily be distributed between the Claimants in a manner that reflects underlying shareholdings.
Ann: US$90 Million Settlement With Tanzania, page-61
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