Browsing: Graphite

Motsepe

Patrice Motsepe, the South African billionaire facing $195M suit in Tanzania

Countries
  • Graphite mining firm Pula Group sues South African billionaire Patrice Motsepe for $195M.
  • Motsepe’s ARM mining faces breach of non-complete contract by investing in Australian firm Evolution Energy Minerals near Pula’s graphite project.
  • ARM denies all claims, maintaining that they ‘considered’ but did not breach contract.

South African billionaire Patrice Motsepe is facing a $195 million lawsuit in Tanzania following allegations of a breach of contract by his mining companies in the East African country. The high profile case is being heard in Tanzania’s Commercial Court and is one of the biggest suits before the corridors of justice in recent years.

Patrice Motsepe owns a number of mining heavyweights including African Rainbow Minerals (ARM), African Rainbow Capital and ARCH Emerging Markets. He also has shares in Tanzanian mining company Pula Group.

In the roiling legal showdown, Pula Group is accusing billionaire Motsepe of breaching a 2021 non-compete contract by …

Can new pact end years of Tanzania-India mineral rivalry?

Industry and Trade
  • Tanzanite is so rare that it is only found in one place in the entire world, Tanzania and hence its name, tanzanite
  • For years, Tanzania has complained bitterly over how India has been benefitting from the sale of tanzanite, a rare gem
  • The mineral's value chain extends far beyond its borders across the seas in India’s city of Jaipur, the capital of Rajasthan state.

After decades of smuggling allegations, conspiracies of misappropriation and outright accusations of value theft, Tanzania and India have finally come to common ground on mineral research.

For a long time, Tanzania has lamented how India has been benefitting from the sale of tanzanite, a rare gem. In fact, tanzanite is so rare that it is only found in one place in the entire world, Tanzania and hence its name, tanzanite.

However, Tanzania has, for years now, been exporting raw tanzanite while other countries such as neighbouring…

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