Copper explorer Metminco (ASX:MNC, LON:MNC) has lodged another appeal after Chile’s Supreme Court upheld an earlier ruling that its right to mine at Mollacas was invalid.
Metminco took its case to the Supreme Court to overturn a decision by the Court of Appeal, but said the review panel only considered one of the arguments it presented prior to making its determination.
Under Chilean law the Supreme Court is required to address all arguments prior to making such a determination, it said.
Metminco has also lodged an appeal with the Chilean Constitutional Tribunal for a determination on the Court of Appeal's application of various Civil and Mining Codes.
Should this application be successful, among other things, the courts will not be able to rely on the Court of Appeal's interpretation of these codes, said the company.
Metminco holds title to 20 exploitation concessions covering the Mollacas deposit and surrounding area, and owns 179 hectares of land adjacent to the proposed open pit operation, which is located on private land.
Metminco’s exploration and exploitation concessions at Mollacas were upheld by the Court of Appeal.
*Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.* Reported by Proactive Investors 10 hours ago.
Metminco took its case to the Supreme Court to overturn a decision by the Court of Appeal, but said the review panel only considered one of the arguments it presented prior to making its determination.
Under Chilean law the Supreme Court is required to address all arguments prior to making such a determination, it said.
Metminco has also lodged an appeal with the Chilean Constitutional Tribunal for a determination on the Court of Appeal's application of various Civil and Mining Codes.
Should this application be successful, among other things, the courts will not be able to rely on the Court of Appeal's interpretation of these codes, said the company.
Metminco holds title to 20 exploitation concessions covering the Mollacas deposit and surrounding area, and owns 179 hectares of land adjacent to the proposed open pit operation, which is located on private land.
Metminco’s exploration and exploitation concessions at Mollacas were upheld by the Court of Appeal.
*Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.* Reported by Proactive Investors 10 hours ago.