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Kazera Global's Aftan Receives Initial Payment Under Settlement Deal with Hebei

MT Newswires·07/10/2026 11:58:54
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11:58 AM EDT, 07/10/2026 (MT Newswires) -- Kazera Global's (KZG.L) 100%-owned African Tantalum, or Aftan, received the initial $500,000 payment under the settlement agreement with Hebei Xinjian Construction CC. Under the settlement agreement announced in June 2026, the investment company is set to receive a total of $10.5 million following an arbitration award over Hebei's "material" payment defaults in relation to a 2022 share sale and loan repayment agreement. The amount is payable through December 2029. Kazera Global said Aftan is now processing the remittance of the funds to the parent.