interesting article on bloomberg site yesterday BILLIONAIRE MINER FIGHTS RIVALS TO HALT DIGS..........
Forrest is also fighting on a second legal front. Cauldron Energy Ltd., chaired by another mining entrepreneur, Tony Sage, applied for exploration licenses over some of Minderoo on April 4 for its Yanrey uranium project. Forrest & Forrest filed objections on May 8. A hearing date hasn’t been set yet.
Holders of other pastoral leases in the area haven’t objected to Cauldron’s application, Colin Jacoby, a spokesman for the company, said in an e-mail. The company on Feb. 7 boosted the uranium resource at Yanrey fourfold to 15.7 million pounds. Sage is also chairman of Cape Lambert Resources Ltd., an iron ore explorer in which Evraz Group SA, whose controlling shareholders include Russian billionaire Roman Abramovich, once had a 19 percent stake
CXU Price at posting:
31.0¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)