IDC 0.00% 0.0¢ indochine mining limited

PNG Mining Authority MRA Support to IDC, page-11

  1. 2,223 Posts.
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    IDC has alreday mentioned it in the previous announcements. You can check the latest quarterly report. it is there and also they said it's without a merit and would defend:

    Legal Proceedings
    • The Company’s wholly owned subsidiary Summit Development Limited (SDL) was served
    with a summons in PNG by the Kare Puga Development Corporation Limited (KDC) and its
    Directors. The summons substantively sought injunctive orders to restrain the PNG
    Minister for Mining from renewing the EL 1093 on the grounds that the Company had not
    complied with the terms of the license. According to legal advice received by the Company,
    the summons is without merit and is being vigorously defended.
 
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