Australian company, AVZ Minerals, is locked in a legal battle with one of China’s largest miners, Zijin Mining, over an ownership stake that could determine control of one of the world’s largest lithium deposits located in the Democratic Republic of Congo.
This is not the first challenge Australian miners have faced from competing Chinese interests in Africa and reveals how aggressive the Chinese Communist Party has been in its scramble for the precious mineral.
On May 11, the Perth-based AVZ Minerals announced that it would be suspending trading on the Australian Stock Exchange after it was called into arbitration by Zijin Mining at the International Chamber of Commerce in Paris.
The dispute centres on competing claims for the joint venture company, Dathcom, behind the massive Manono Lithium and Tin Project in the south of the Democratic Republic of Congo—the project is estimated to contain 16.3 million tonnes of lithium carbonate, a
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