Australia’s Sundance Sources stated on Monday that an arbitration panel had dismissed its problem to what the mining firm has referred to as Congo’s illegal expropriation of subsidiary Congo Iron’s mining allow within the nation’s Sangha area.
Sundance stated a tribunal in London, working beneath Worldwide Chamber of Commerce guidelines, discovered Congo had a legit foundation to revoke the allow as a result of the venture was not developed through the interval allowed from 2016 to 2018. It dismissed all claims introduced by Sundance and Congo Iron.
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