Chinese firm, Kamativi in $7m mine wrangle

Chinese firm, Kamativi in $7m mine wrangle
Published: 24 April 2018
Chinese company that reportedly invested $7 million in the mining of several minerals through a joint venture agreement has filed a High Court lawsuit against Kamativi, accusing it of making u-turn on the deal and contracting a third party instead.

According to court papers, the applicant is Beijing Pingchang Investment Co. Limited while respondents are Kamativi Tin Mines Limited and Lintmar Mining Limited.

In terms of the agreement, the parties were to mine tin, tantalite, beryllium, lithium and other minerals.
- Daily News
Tags: Kamativi,

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