Mozambique is at the center of an international battle due to a dispute over a mining license. According to the Mozambique Mining Journal, two mining companies have filed a lawsuit against the government with the International Center for Settlement of Investment Disputes (ICSID), an arbitration institution affiliated with the World Bank.
The dispute revolves around the alleged illegal revocation of a mining license, which was transferred without consent to an unrelated entity and subsequently to the Chinese state-owned company TZM Resources in 2020. The companies claim to have obtained a favorable verdict from the High Court in England in 2012, however, their attempts to enforce the decision in Mozambique were unsuccessful.
The outcome of this arbitration is awaited by international investors, as a ruling against Mozambique could interfere with future foreign investment in the country’s mining sector.
