At year-end the company directly owns 100% of Midus Global Mining Limited, an investment holding company whose registered office is at Marlborough House, 298 Regents Park Road, London, N3 2SZ.
At year-end the company indirectly owns 100% of Congo Mining Ltd SARLU, a licence holding entity whose registered office is at Villa 100, Agostino Neto Quartier Plateau, Centre-ville, Point-Noire, Congo Republic.
On 15 November 2021,the company and Congo Mining Ltd SARLU, collectively the claimants, filed with the International Centre for Settlement of Investment Disputes (“ICSID”) a Request for Arbitration against Republic of the Congo which was registered on 8 December 2021 and has been assigned ICSID Case Number ARB/21/58. The claimants are seeking an award of monetary compensation equal to the fair value of the Mayoko-Moussondji iron ore project on the date that its mining licence was unlawfully revoked. Clifford Chance are representing the claimants in the arbitration.