Sundance Resources Awarded $616M After Cameroon's 'Unlawful' Iron Ore Project Grab
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Sundance Resources awarded $616M after Cameroon's 'unlawful' iron ore project grab
Sundance Resources has won a $616-million (C$870-million) arbitration award after an International Chamber of Commerce tribunal found Cameroon breached its legal obligations over the Mbalam-Nabeba iron ore project. The Perth-based... The post Sundance Resources awarded $616M after Cameroon’s ‘unlawful’ iron ore project grab appeared first on The Northern Miner.
The International Chamber of Commerce ordered Cameroon to pay $616 million to the Australian junior Sundance Resources for the irregular withdrawal of its mining permits from the Mbalam-Nabeba deposit, a penalty that could cost the country's reputation much more. On 26 July 2026, Cameroon was ordered to pay CFAF 355 billion to Sundance Resources. The ICC's arbitral award punishes Yaoundé's failure to comply with its contractual commitments on on…
In the mining dispute between the State of Cameroon, particularly Sundance Resources, concerning the exploitation of the Mbalam-Nabeba iron deposit, an arbitral tribunal of the International Court of Arbitration of the International Chamber of Commerce (ICC) of Paris, France, ordered the country to pay close to CFAF 350 billion (more than USD 600 million) to the Australian junior mining company. The information was revealed in a press release pu…
Sundance Resources wins $616 million over iron ore project against Cameroon
Sundance Resources has won an International Chamber of Commerce arbitration against Cameroon, with a tribunal awarding the Australian miner about $616 million in damages, interest and costs over a stalled iron ore project, the company has said. The Perth-based miner said the tribunal found that Cameroon had breached its legal obligations to Sundance and its subsidiary Cam Iron SA in relation to their investment in the Mbalam-Nabeba iron ore …
Sundance wins $616m arbitration award against Cameroon
AUSTRALIAN miner Sundance Resources has won an International Chamber of Commerce arbitration dispute with Cameroon, securing roughly $616m in damages, interest and costs linked to a long-stalled iron ore venture, said Reuters citing the company. The Perth-headquartered firm said arbitrators concluded that Cameroon had failed to meet its legal commitments to Sundance and its local unit, Cam Iron SA, regarding their stake in the Mbalam-Nabeba iron…
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