https://www.engineeringnews.co.za

Pilbara granted stay order on court proceedings

18th October 2016

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – The Supreme Court of Western Australia has granted ASX-listed Pilbara Minerals' request for a stay order on court proceedings started by fellow-listed Mineral Resources (MinRes).

MinRes earlier this month served Pilbara Minerals with a writ of summons to the Supreme Court, relating to a dispute over the validity of Pilbara Minerals' sales notice over lithium from the Pilgangoora project, in Western Australia.

Pilbara Minerals previously issued MinRes a notice of dispute over the sale of the lithium product, with the companies now obligated to call in an independent expert to assist in determining a suitable outcome to the issue.

Pilbara Minerals on Tuesday said that with the stay order granted, the dispute between the two parties would be heard and resolved before an independent expert, who had already been appointed.

Both parties are in the process of providing their written submissions to the expert, and Pilbara Minerals is hopeful that a final and binding determination will be made by Monday.

Should the independent expert determine that Pilbara Minerals' sales notice is valid, MinRes will have until the end of October to elect to purchase Pilbara Minerals' product on no less favourable terms than those offered by General Lithium, or to take a 2.5% royalty.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ATI Systems
ATI Systems

ATI systems comprises five divisions: electrical assemblies, drives and controls, feedback sensors, enclosures, and strip guiding.

VISIT SHOWROOM 
MBE Minerals SA (Pty) Ltd
MBE Minerals SA (Pty) Ltd

Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.048 1.079s - 140pq - 2rq
Subscribe Now