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An Australian mining company filed an arbitration charge against the Republic of the Congo on Thursday, accusing the central African country of taking over two iron ore mining projects and giving them to a "Chinese-linked" company.
Australian miners press Congo over seized iron ore projects Congo Republic has cancelled iron ore projects with three Australian miners, two of the companies said, and handed them to a firm “nobody knows anything about”, prompting one to seek $8.76 billion in damages from the central African nation. The sudden cancellation sparked alarm among the project owners after years of working closely with the government of Congo Republic. Sundance Resources Ltd and Equatorial Resources Ltd EQX.AX both said this week they had been notified through an official journal that their mining or exploratio...