"This decision does not reflect on the merits of our case, but rather a redirection of legal proceedings," said Chen Chen, Zijin Mining's in-house legal counsel.
“It signifies the ICC's inability to hear the matter at this time, which will now be raised in the local legal jurisdiction of the DRC.
”Zijin Mining remains confident in its ability to uphold the rights of all stakeholders involved and to ensure a fair resolution to this dispute through the DRC legal system, the company noted.
AVZ Price at posting:
78.0¢ Sentiment: Hold Disclosure: Held