PhosCo Faces New Arbitration Request From TMS
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PhosCo Faces New Arbitration Request From TMS
PhosCo Ltd (PCO) and its subsidiary Celamin Pty Ltd are facing a new challenge from Tunisian Mining Services SARL (TMS), which has initiated a request for ICC arbitration concerning Chaketma Phosphates SA (CPSA). This development follows a history of disputes, with TMS still owing Celamin A$7.2 million in damages from a previous ICC arbitration dating back to 2017. PhosCo has not recorded this as an asset due to TMS’s non-compliance and uncertai…
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