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Highlands loses first round in Frieda River fight

Chinese-controlled PanAust (AU:PNA) has enjoyed a win in its stoush with Highlands Pacific (AU:HIG) over the Frieda River project in Papua New Guinea, with the independent arbitrator determining that Highlands’ free carry for the feasibility study ended with the application for a Special Mining Lease in June 2016.

Highlands loses first round in Frieda River fight Highlands loses first round in Frieda River fight Highlands loses first round in Frieda River fight Highlands loses first round in Frieda River fight Highlands loses first round in Frieda River fight

Frieda River in PNG

Highlands, which has a 20% interest in the joint venture, had argued the JV agreement stipulated a feasibility study needed to be completed before its free carry ended and as it considered the

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