It is interesting that the ASX determine who features in an announcement, but also typical that there appears to be no common framework for their methodology. It is easy to find many examples where jv company projects are announced via the ASX as a bipartisan effort. Crabbe is right in that financially the project is still in the hands of MLM. Were the other company to default or renege on the proposal we are back to square one whereby we retain ownership anyway. Since MLM benefit financially from any JV agreement, ASX have a responsibility to include MLM in announcements especially since shareholders have a right to know and vote accordingly.
That being said it is not hard for MLM management to use a bit of public relations strategically and make their own update announcements as a manner of keeping us informed. I don't see any excuse for that not happening apart from lethargy.
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