
ASX-listed Globe Metals and Mining says the long –running legal proceedings brought by members of the Kanyika community against the Company and the Malawi Government through the Attorney General have been formally withdrawn and discontinued by the claimants.
The Australian-listed mining company says 243 members of the Kanyika community withdrew and discontinued their legal proceedings with a notice of withdrawal and discontinuance filed in the High court of Malawi.
The case, known as Nthondo Banda and 242 other members of the Kanyika Community Vs Globe Metals and Mining Limited and the Attorney general, began in August 2017. The dispute relates to historical exploration activities and preparatory work associated with the proposed development of the Kanyika Project.
Interim CEO and CFO of Globe Metals and Mining Charles Altshuler explains: “The withdrawal and discontinuance of these proceedings is a very positive development for the Kanyika project. It brings a longstanding legal matter to an end and provides greater certainty for the project to continue progressing towards development.”
“Importantly, the withdrawal of the proceeding with the support of the affected community members demonstrates the shared desire of the local community to see the Kanyika project progress and the benefits of its development realized.”
“The resolution represents another important step forward for Kanyika. With this historical matter now resolved, the current focus is on completing the compensation and resettlement programme and enabling access to the land required for planned mining and development activities.”
We are very pleased to see this matter concluded with community support and Kanyika continuing to progress towards development and production.”
The withdrawn case was previously disclosed in Globe’s 2025 Annual Report as a contingent liability, with the claim estimated at between MWK700 Million and MWK800 Million.
Globe says the current compensation and resettlement programme is separate from the historical court case. The company is expected to pay compensation under the current programme during this month and says it will provide a separate update on the process.