https://newsletter.mw.creamermedia.com
Copper|Gold|PROJECT|Resources
Copper|Gold|PROJECT|Resources
copper|gold|project|resources

Red Rock provides updates on DRC arbitration, Burkina Faso project

5th April 2024

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

Aim-listed Red Rock Resources has provided an update on its arbitration in the Democratic Republic of Congo (DRC) with respect to the claim the company is pursuing in-country for its interest in the VUP copper/cobalt joint venture (JV).

On February 5, Red Rock noted that a finalisation of the arbitration award in relation to the company’s claim for its share of the sale proceeds of a JV asset was awaiting signature and release.

Following a period where Presidential elections and the formation of a new administration caused a pause in this and many other matters, Red Rock this week said its understanding was that there was a consensus in relation to the company’s position and that it expected this matter to be resolved, irrespective of any third-party matters, within a short timeframe.

Recent intensive and direct discussions with the former JV partners meant that the company may be able to approach the arbitrator with an agreed position, it added.

Meanwhile, in Burkina Faso, a team from the company and its technical partners was on the ground at the Bilbale project.

The first gold wash plant is expected to arrive by air within a few days. 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Klüber Lubrication
Klüber Lubrication

Klüber Lubrication ensures that the world’s essential systems—drive units, machines, and water flow—operate efficiently, sustainably, and reliably...

VISIT SHOWROOM 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer
Magazine round up | 15 November 2024
Magazine round up | 15 November 2024
15th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:1.043 1.139s - 162pq - 2rq
Subscribe Now