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News: AVZ Avz Minerals Says Units Got Request For Arbitration

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    15/05/23
    10:10
    Post #: 67772116

    May 15 (Reuters) - AVZ Minerals Ltd (AVZ) :

    • UNITS ARE IN RECEIPT OF REQUEST FOR ARBITRATION LODGED WITH INTERNATIONAL CHAMBER OF COMMERCE IN PARIS
    • REQUEST FOR ARBITRATION ON BEHALF OF BOTH CONGOLAISE D’EXPLOITATION MINIERE SA (COMINIÈRE) AND JIN CHENG MINING
    • CLAIMANTS CLAIM CO BREACHED DATHCOM JOINT VENTURE AGREEMENT ENTITLING CLAIMANTS
    • CLAIM OF DAMAGES, ESTIMATED PROVISIONALLY AT US$850M FOR JIN CHENG AND US$566M FOR COMINIÈRE
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