Case Details

Rome Resources PLC and IM Minerals Limited v. Republic of Mozambique (ICSID Case No. ARB/24/4)

Subject of Dispute:

Mining Concession
Economic Sector:

Oil, Gas & Mining
Instrument(s) Invoked:

BIT Mozambique - United Kingdom of Great Britain and Northern Ireland 2004
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Rome Resources PLC (British), IM Minerals Limited (British)
Respondent(s):

Republic of Mozambique (Mozambican)
Date Registered:

February 14, 2024
Date of Constitution of Tribunal:

July 26, 2024

Composition of Tribunal

President:

Olufunke ADEKOYA (British, Nigerian) - Appointed by the Parties
Arbitrators:

Lucy MARTINEZ (Australian) - Appointed by the Claimant(s)
José Antonio MORENO RODRÍGUEZ (Paraguayan) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

DWF Law, London, U.K.
Lucas Bastin, London, U.K.
Matthieu Gregoire, London, U.K.
Respondent(s):

Dorsey & Whitney, Minneapolis, MN, U.S.A.
Attorney General
Language(s) of Proceeding:

English
Status of Proceeding:

Concluded
Outcome of Proceeding:

April 30, 2025 - The Tribunal renders its award embodying the parties’ settlement agreement, pursuant to ICSID Arbitration Rule 43(2).

No References Available.

(a) Original Proceeding

Date	Development
February 14, 2024	The Secretary-General registers a request for the institution of arbitration proceedings.
May 27, 2024	Following appointment by the Respondent, José Antonio Moreno Rodríguez (Paraguayan), accepts his appointment as arbitrator.
May 27, 2024	Following appointment by the Claimants, Lucy Martinez (Australian), accepts her appointment as arbitrator.
July 26, 2024	Following appointment by agreement of the parties, Olufunke Adekoya (British/Nigerian) accepts her appointment as presiding arbitrator.
July 26, 2024	The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are Olufunke Adekoya (British/Nigerian), President, appointed by agreement of the Parties; Lucy Martinez (Australian), appointed by the Claimants; and José Antonio Moreno Rodríguez (Paraguayan), appointed by the Respondent.
September 13, 2024	The Tribunal holds a first session by video conference.
September 27, 2024	The Tribunal issues Procedural Order No. 1 concerning procedural matters.
April 30, 2025	The Tribunal renders its award embodying the parties’ settlement agreement, pursuant to ICSID Arbitration Rule 43(2).