AI sums it up nicely3 Nov 2025 11:36
"Arc Minerals is involved in a court case in Zambia concerning claims by a former director and the Zambia Mineral Exchange Corporation Limited (Zamex). In a key August 2025 ruling, the High Court of Zambia determined that a 2022 Consent Judgment closed the record, preventing further applications related to the dispute and supporting Arc Minerals' defenses against a $650,000 claim from Zamex." Closed the record means " Off you pop"
And then "July 2025: Arc initiated separate legal proceedings against the defendants for damages amounting to over US$950,000 for breach of the Settlement Agreement and persistent interference. Simultaneously, ZAMEX unilaterally obtained an ex parte order (without Arc present) from a court in Kitwe to appoint a provisional receiver over Handa Resources Limited, the joint venture company (in which Arc holds an indirect 20% interest after Anglo American's exit). Arc's lawyers advised this action showed impropriety, and the company took steps to challenge it and file for contempt of court proceedings."
So a painful hold yes ! But an enjoyable couple of weeks pending with lots of news to come I'm sure !