With this in mind, the Arbitral Tribunal also notes that the difficulties alleged by the Democratic
Republic of Congo in implementing the interim measures recommended in paragraphs 156(1)
and 156(2) of Procedural Order No. 3 are not such as to justify noncompliance with these
measures.”
“The Arbitral Tribunal thus firmly reaffirms its decision on the interim measures recommended
in paragraphs 156(1) and 156(2) of Procedural Order No. 3, together with the conditions
attached thereto, and reminds the Defendant of its obligation to implement them effectively
and without delay.”
The Company’s preference remains to achieve a negotiated resolution of dispute with the DRC State.
The Company understands it is expected the DRC Government’s new cabinet will be appointed shortly
and is hopeful negotiations with the DRC State can then proceed. Nonetheless, the Company remains
steadfast in its resolve to prosecute the ICSID arbitration proceedings to their conclusion if that proves
to be necessary.
This announcement was authorised for release by the board of directors of AVZ Minerals Limited
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