Looks like IDC have finally made an announcement about the legal proceedings, along with updates on other issues...
Legal Proceedings
The Company’s wholly owned subsidiary Summit Development Limited has been served with a summons in PNG by Kare Puga Development Corporation Limited (KDC) and its directors. KDC is a private company based in Port Moresby.
We understand that the PNG Minister for Mining, the PNG Mineral Resource Authority, the Enga Provincial Government and the State of Papua New Guinea are co-defendants in these proceedings.
The summons substantively seeks declarations that the Company’s Exploration Licence terms have not been complied with and injunctive orders to restrain the Minister for Mining from renewing Exploration Licence 1093.
The Company’s legal advice is that the summons is without merit and will be vigorously defended.
Looks like IDC have finally made an announcement about the legal...
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