Motsepe Company Cleared in $195 Million Graphite Dispute

SOUTH AFRICA · MINING

Key Facts

—The ruling: African Rainbow Capital says the Johannesburg High Court found it cannot be liable for breaching a confidentiality agreement it never signed, undercutting a $195 million claim in Tanzania.

—The claimant: US-linked Pula Graphite Partners, chaired by former US ambassador to Tanzania Charles Stith, sued in October 2023 over its graphite project in southeastern Tanzania.

—The allegation: Pula says its confidential data enabled an ARC-linked fund to buy into Evolution Energy Minerals, owner of the rival Chilalo graphite project.