Red Rock Resources plc said it will submit further documents in its arbitration case against its local partner in the Democratic Republic of Congo. PROGRESS The dispute relates to the sale of certain copper-cobalt assets in Katanga by VUP (Vumilia Pendeza SA) without Red Rock’s permission. Red Rock holds 50.1% of the joint venture which […]
Tag: Katanga – DRC
Red Rock obtains $2.5m payment order for Katanga partner
Red Rock Resources plc said it had obtained a $2.5 million payment order instructing its joint venture partner in the copper-cobalt licences in Katanga, the Democratic Republic of Congo. VINDICATION The company, with 50.1%, ownership, obtained the order from the Commercial Court in Lubumbashi instructing Vumilia Pendeza SA (VUP) to pay it $2,505,000 as a […]