Aquila, Pasminco deal
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Tuesday, 23 May, 2006 - 22:00
SOUTH Perth-based diversified resources player Aquila Resources Ltd has announced the approval by creditors of Pasminco Group Companies of a $14 million dividend payment to Aquila. This is for settlement of legal actions brought by the company in relation to its proposed purchase of a 49 per cent interest in the Ernest Henry Mine located 195 kilometres south-east of Mount Isa, Queensland. This concludes a dispute that has been ongoing since late 2001.