I would have thought that GBM, the sole shareholder in Diamond...

  1. 318 Posts.
    I would have thought that GBM, the sole shareholder in Diamond Hill Mining Pty Ltd, would have made an announcement by now about its big win at the Supreme Court on Friday 24 June 2011.

    The decision was published in Austlii today:
    Diamond Hill Mining Pty Ltd v Huang Jin Mining Pty Ltd & Ors [2011] VSC 288 (24 June 2011)

    You can read the full decision on the following link:
    http://www.austlii.edu.au/au/cases/vic/VSC/2011/288.html

    Diamond Hill Mining Pty Ltd won its case against Huang Jin Mining Pty Ltd in that the Court found that it did not give consent to the transfer of mining licence, MIN 5471, at all or, to the extent that any such consent was given, it was not fully informed consent.

    ".....The plaintiff [Diamond Hill] has established liability of the defendants....."

    "...... The plaintiff requested that the parties should have an opportunity to consider the Court's reasons before any orders are pronounced......"

    Stay tuned for further developments.




 
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