Summary

The BVI Court has dealt a decisive blow in a long running multi-jurisdictional dispute between Global Mining Development L.P., a 100% subsidiary of Gerald Group ("Global") and China National Gold Hong Kong Limited ("CNG"), a 100% owned subsidiary of China National Gold Group, a Chinese State owned enterprise, as to the ownership of Soremi Investments Limited ("SIL") which owns the Soremi Mine, a polymetallic copper-lead-zinc mine located in the Republic of Congo ("RoC").

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In the Eastern Caribbean Supreme Court, in the High Court of Justice, Virgin Islands, Commercial Division, Claim No BVIHC COM 0070 OF 2023.
Societe de Recherche et D'Exploitation Miniere SA (Additional Parties)

TDM:

• Global Mining Development LP and Gerald Metals LLC v China National Gold Group Hong Kong Limited and Soremi Investments Limited - Claim No BVIHC COM 0070 of 2023 - Contempt Judgement - 16 July 2025
• Global Mining Development LP and Gerald Metals LLC v China National Gold Group Hong Kong Limited and Soremi Investments Limited - Claim No BVIHC COM 0070 of 2023 - Rectification Judgement - 16 July 2025
• Global Mining Development LP and Gerald Metals LLC v China National Gold Group Hong Kong Limited and Soremi Investments Limited - Claim No BVIHC COM 0070 of 2023 - Final Judgement - 16 July 2025