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Clive Palmer wins some, loses some in ongoing feud with CITIC over Sino Iron mine
Clive Palmer and his company Mineralogy have survived a High Court challenge by Hong-Kong based CITIC to a ruling that put it on the hook for at least $224 million in unpaid royalties from producton at the Sino Iro mine, but a related $297 million suit by Palmer against the Chinese conglomerate has flopped.
Ex-Atrum Coal boss ordered to repay $6M to Hong Kong finance group
A former director of Atrum Coal has been ordered to pay over $6 million owed to a unit of Hong Kong finance giant Argonaut Group after a prior default saw the former executive lose $12 million worth of shares in the company.
Glencore unit does not owe injured workers unlimited personal leave, court says
A subsidiary of mining giant Glencore has defeated a case brought by the CFMEU claiming it was obligated to pay unlimited amounts of personal leave to sick or injured employees.
Griffin Coal can’t get hands on docs in long-running spat with Carna Group
Struggling mining firm Griffin Coal has been denied access to documents while defending a consumer law case brought by the liquidators of a collapsed mining services firm.
Fortescue Metals wins back exploration licence voided after 89-second renewal delay
A subsidiary of Fortescue Metals Group has prevented one of its long-held mining licences from falling into the hands of rival Gina Rinehart, with the Western Australian Supreme Court overturning a state government decision voiding the licence because of an 89 second technical delay.
BlueScope tried to protect ‘invalid monopoly’ by withholding trade secrets, judge says
BlueScope's decision to hide its trade secrets has doomed its patent infringement lawsuit against South Korean rival Dongkuk Steel, with a judge dismissing the case and invalidating two of the steel giant's patents.
Deutsche Bank units sue Spain to enforce $96.3M arbitration award
Two Deutsche Bank subsidiaries have filed Federal Court proceedings against Spain seeking enforcement of a €59.6 million ($96.3 million) award for losses incurred as a result of changes in the country's renewable regulatory framework.
Judge signs off on $18M UGL class action settlement
A Federal Court judge has signed off on an $18 million settlement in a shareholder class action against UGL over its Ichthys power plant disclosures under which $8 million will be distributed to shareholders.
Queensland won’t appeal loss in floods class action
The State of Queensland will not appeal a ruling that found it, as well as the operators of two Queensland dams, were negligent in the 2011 floods in the Southeast region of the state that left over 2,000 homes destroyed.
Orinoco Gold investor wins bid to inspect books after share value tanks
A shareholder of struggling gold company Orinoco Gold has been granted limited access to the company's books after the firm was placed into administration on the back of an abysmal year on the ASX which saw it share value plummet by more than 97 per cent.