Highlands Pacific loses first stage of Frieda River arbitration

CHINESE-controlled PanAust has enjoyed a win in its stoush with Highlands Pacific 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 Pacific loses first stage of Frieda River arbitration Highlands Pacific loses first stage of Frieda River arbitration Highlands Pacific loses first stage of Frieda River arbitration Highlands Pacific loses first stage of Frieda River arbitration Highlands Pacific loses first stage of Frieda River arbitration

Frieda River.

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

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