Trafigura Awarded $92 Million in Arbitration With Zambia’s ZCCM

The article discusses a recent arbitration award of $92 million to Trafigura by the Zambian Copperbelt Consolidated Mines (ZCCM) over a dispute related to the Mopani Copper Mines. The award was made by the International Centre for Settlement of Investment Disputes (ICSID) and is expected to be paid by ZCCM within 90 days. The dispute arose from a 2019 agreement between Trafigura and ZCCM, which was later terminated by ZCCM. The award is seen as a significant victory for Trafigura and a setback for ZCCM. The article also mentions that the award is subject to appeal and that the parties may still negotiate a settlement.