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MBMI Resources, Inc. (CVE:MBR) reports they have been notified that the Office of the President of the Philippines has canceled the Financial and Technical Assistance Agreements.
MBMI Resources, Inc. (TSXV:MBR) reports they have been notified that the Office of the President of the Philippines has canceled the Financial and Technical Assistance Agreements.
The press release is quoted as saying,
The FTAAs were signed by the authority of the President of the Philippines pursuant to Philippine law on April 12, 2010 and were registered with the Department of Environment and Natural Resources on May 31, 2010 and formally issued on June 2, 2010 to affiliates of MBMI, Narra Nickel Mining & Development Corp., Tesoro Mining and Development Inc., and McArthur Nickel Mining. This Decision is in connection with a case filed by Redmont Consolidated Mines Corp.
For the complete press release, click here.
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