Congo’s Forrest Takes Gecamines to Arbitration Over Forced Sale
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Entreprise Generale Malta Forrest said it filed for arbitration with Democratic Republic of Congo’s Gecamines for trying to “illegally appropriate” one of its copper and cobalt mines. Gecamines denies the charges.
Lubumbashi-based EGMF, owned by the family of mining magnate George Forrest, said it filed charges on Aug. 24 against state-owned Gecamines to the Paris-based International Chamber of Commerce’s International Arbitration Court. EGMF said Gecamines last month forced the sale of a 60 percent stake it held in Compagnie Miniere du Sud Katanga.