Court win for Aquila

AQUILA Resources’ year-long court battle with Red Hill Iron has been resolved, with the Supreme Court of Western Australia dismissing a claim that would have required Aquila to share ownership of port and rail facilities for its West Pilbara iron ore joint venture project.

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Aquila said in a statement to the Australian share market that it welcomed the judgement handed down by the court today, but admitted the court proceedings were a major waste of resources.

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