Court hears testimony in $195m graphite mining legal dispute involving Pula, ARC
Tanzania, May 21 -- Dar es Salaam. A $195 million legal dispute involving two major players in Tanzania's graphite mining sector, Pula Group and African Rainbow Capital (ARC), came before the Commercial Division of the High Court this week, where a witness for Pula testified on Monday.
The case, filed in May 2023, centres on allegations of breach of a non-compete clause contained in a confidentiality agreement linked to graphite mining projects in Tanzania.
Pula Group is suing companies associated with South African businessman Patrice Motsepe, including African Rainbow Minerals (ARM), ARC and ARCH Emerging Markets, alleging that they breached contractual obligations by investing in Australia-based Evolution Energy Minerals, which opera...
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