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This document is a public procedural update issued on November 20, 2024, detailing the status of ongoing International Chamber of Commerce (ICC) arbitration proceedings initiated by Sundance Resources Limited and its subsidiary, Congo Iron SA, against the Republic of Congo.
The release formally confirms the conclusion of the evidentiary hearing, which convened before the ICC International Court of Arbitration in Paris from November 14 to November 17, 2024. Following the closure of the hearing, the matter is now under deliberation by the arbitral tribunal, with a final decision or award anticipated within a timeframe of six to eight months.
Furthermore, the document clarifies the procedural demarcation between the claimant's concurrent regional disputes. It expressly notes that ongoing settlement negotiations with the Republic of Congo are independent of, and without prejudice to, the claimant's separate ICC arbitration against the Republic of Cameroon, which is scheduled for further proceedings in late January 2025.