African Rainbow Minerals defends Tanzania’s investment amid R3.4bn lawsuit
By Siphelele Dludla | Published Nov 3, 2024
Tanzanian-based Pula Group has filed a $195 million (R3. 4 billion) lawsuit alleging that ARM - which is owned by South African billionaire Patrice Motsepe - breached a non-compete agreement by investing in Evolution Energy Minerals, an Australian firm operating adjacent to Pula’s graphite project.