Red River slapped with lawsuit

INDIA’S Vedanta Resources has commenced legal action against Queensland copper and base metals miner Red River Resources claiming unpaid royalties and damages, a move Red River has described as “surprising”, given it has been “a willing payer of royalties” from the Thalanga project since production restarted.

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Vedanta is suing for royalties.

The proceedings relate to the obligation for Red River to pay a 4% net smelter royalty on production to Vedanta subsidiary Thalanga Copper Mines that date back to 2006 and cover a handful of permits

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