Red Rock Resources plc said it remained confident of reaching a settlement on its arbitration award in the Democratic Republic of Congo despite unrest in the country. PRIORITY The company was due to meet its local partner this week to try to reach an agreement. However “military developments” in the east of the country and […]
Tag: arbitration award
Red Rock to conclude DRC arbitration award
Red Rock Resources plc expects to conclude and have payments arranged next week at a working meeting of parties involved in the arbitration award in the Democratic Republic of Congo. The company said it met various parties in Kinshasa over the Christmas and New Year period to discuss the award. The working meeting will be on […]
Red Rock discusses new DRC opportunities
Red Rock Resources plc has attended a “series of important meetings” on new business opportunities in the Democratic Republic of Congo. DISCUSSIONS The company said it had also signed a framework agreement with its local associate Koto DRC SARL for an equal new joint venture, conditional on acquiring suitable assets. Red Rock expects to return […]
Red Rock aims to finalise DRC arbitration award
Red Rock Resources plc aims to finalise its $10 million arbitration award either this week or next in the Democratic Republic of Congo. PROGRESS The company said it expected an initial $2.5 million from its local partner with $7.5m pending. The figures represent 50.1% of what was received by its partner from the buyer and […]