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Metminco says it will “vigorously challenge” Chile court ruling

Last updated: 03:20 28 Mar 2014 EDT, First published: 04:20 28 Mar 2014 EDT

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Copper explorer Metminco (LON:MNC, ASX:MNC) said it will “vigorously challenge” a decision by the Court of Appeal of the IV Region in Chile that prevents it mining the Mollacas Copper Project.

A previous permission granted by a judge in a lower court was ruled “invalid and void” on what Metminco said was a technicality.

The company said it will lodge its appeal to the Supreme Court of Chile in Santiago no later than April 3.

It also confirmed it will continue with the conduct of the planned feasibility study and the environmental impact study on the property.


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