DAKAR – Groupement du Terril de Lubumbashi (GTL), a unit of Groupe Forrest, and Congo State miner Gecamines have resolved a dispute that has slowed work at their cobalt processing plant for months, the companies said in a joint statement on Wednesday.
Under the terms of the deal, GTL will repair the factory's furnace and transfer ownership of the factory to Gecamines, while Gecamines will pay an indemnity to GTL.
GTL is 70% owned by Groupe Forrest and 30% owned by Gecamines.