After market close Felix announced that the Ulan case had "been dismissed". All systems go now for Felix.
16 November 2007 Australian Stock Exchange Company Announcements Level 4 20 Bridge Street Sydney NSW 2000 Xstrata’s and Mitsubishi’s legal proceedings on Moolarben mining lease Felix advised the market on 30 March 2007 that Ulan Coal Mines Limited (Ulan), which is a joint venture of Xstrata as to 90% and Mitsubishi as to 10%, had commenced legal proceedings in the Supreme Court of NSW seeking orders to prevent the grant of a mining lease to Moolarben Coal Mines Pty Limited which is wholly owned by Felix. The court case was held from 20 September 2007 and was followed by a site visit in early October 2007. The Supreme Court of NSW has today published its decision and dismissed Ulan’s action. The detailed content of the court’s published decision is being reviewed and, if considered necessary, a further announcement of the impacts on the company and the Moolarben Coal Project will be made early next week.
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