I was reading through MIN's Half Yearly last night, which was released yesterday, and spotted this in the 'Contingent Liability' section of the report -
Iron Valley haul road claim - On 25 November 2020, FMG commenced legal proceedings against the Group (MIN) alleging that the access deed, executed between FMG and MRL on 30 August 2012 for the road which is used to haul iron ore from the Group’s Iron Valley project has expired. FMG alleges that Group must stop using the haul road and must remove the road and surrender its miscellaneous licences over the area. The Group is defending the claim. The status of the matter is still preliminary and legal costs or potential claims or impacts of these proceedings are only possible, not probable, and cannot be reliably estimated as at the date of this report. Accordingly, no provision for liability has been made in these financial statements.
After doing a Google search i note there was a recent 'West Australian' news article on this matter.
Can anyone enlighten me on this matter, or have a copy of the recent article?
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