ARH 0.00% 0.5¢ australasian resources limited

Hope he can get his sh#$ together Clive Palmer's Mineralogy has...

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    Hope he can get his sh#$ together

    Clive Palmer's Mineralogy has won its long-running legal battle against its estranged Chinese joint venture partner in Western Australia.
    The companies had disputed calculations for royalty payments from the multi- billion dollar Sino Iron project, which CITIC built and operates, drawing ore from Mineralogy-owned land.
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    Clive Palmer's Mineralogy claims it is owed money by Sino Iron. Photo: AAP
    On Friday, WA Supreme Court Justice Kenneth Martin concluded CITIC's wholly owned subsidiaries Sino Iron and Korean Steel must pay Mineralogy $74.7 million but he needs further submissions before reaching his final position regarding CITIC being their guarantor.
 
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