IMF backs $20 million Minara claim

IMF has agreed to fund an action by the NEIB Aboriginal Corporation and various Native Title parties against Minara Resources in relation to a $20 million claim.

The claim relates to a Native Title agreement struck in 1998 between Minara (then known as Anaconda Nickel) and the Native Title Parties that cleared the way for the company to gain all the leases and approvals it needed for the Murrin Murrin project.

The NEIB Aboriginal Corporation and the Native Title parties will be represented by Corrs Chambers Westgarth.

Earlier this year Minara had to pay $19 million to Central Exchange Limited due to a settlement it had reached on separate litigation relating to its Murrin Murrin tenements.