Business

Tanzania Concludes Wigu Hill Rare Earth Project Litigation with Final Payment

  • March 7, 2025
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Tanzania has completed its US$27 million settlement with Montero over the expropriation of the Wigu Hill rare earth project. With the final US$7 million payment received, both parties will now request the formal discontinuation of ICSID arbitration, marking the conclusion of the dispute. This payment is expected to bring the arbitration before the International Centre […]