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Kazera Global PLC on Thursday said it has engaged with three independent parties interested in the development or commercialisation of African Tantalum (Pty) Ltd’s mine, and provided an update on its arbitration enforcement. The mining investment firm focused on early-stage assets said two of the parties are under advanced confidentiality agreements and a third party is in preliminary discussions. Kazera wholly owns Aftan, which possesses the Tantalite Valley mine, a tantalum and lithium project located in Namibia. Chief Executive Dennis Edmonds said: ‘We are highly encouraged by the strong interest in Aftan, particularly from two parties operating under confidentiality agreements that are demonstrating clear intent and technical engagement. This activity underscores the strategic importance of the asset and the inherent value of its resource base.’ The company also noted on Thursday the ongoing enforcement effort for a $11.9 million arbitration award. In May, Kazera announced that binding arbitration proceedings found that Namibian company Hebei Xinjian Construction CC had breached contractual obligations by failing to make a full and timely payment for Kazera’s interest in Aftan. Hebei has since commenced legal proceedings seeking to challenge the arbitration ruling, according to Kazera. The company said it is continuing to try to recover the awarded sums. ‘In parallel, we remain committed to enforcing the arbitration award and recovering the outstanding sums owed to the company. Our approach to legal expenditure is disciplined and commercially responsible, ensuring that capital deployment is carefully balanced against opportunities within our core producing assets. This strategy reflects our commitment to financial prudence and sustainable value creation for shareholders,’ Edmonds added. Shares in Kazera Global were down 5.3% to 1.42 pence on Friday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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