CAPITAL MARKETS

Glencore Xstrata turns up heat on Indophil

INDOPHIL Resources is trying to stage emergency talks with its Tampakan project joint venture partner Glencore Xstrata, after the major miner issued proceedings in the Queensland Supreme Court alleging shares from the 2007 deal had not been transferred.

Lauren Barrett
Glencore Xstrata turns up heat on Indophil

Indophil advised the market that Xstrata had issued the proceedings, seeking to become the registered shareholder of shares it acquired from Indophil in 2007 that allowed it to take a majority stake in...

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