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Callinan Mines Receives Adjustment Payment From HudBay Minerals
Mar. 14, 2011 08:48AM PST
Company NewsCallinan Mines (CVE:CAA,OTC:CCNMF) reports it has received a letter from HudBay Minerals Inc. (TSE:HBM) on the adjusted payment.
The press release is quoted as saying:
In the letter, HudBay Minerals stated that a recalculation resulted from an error they identified in the interpretation and application of a certain clause. As a result, Hudbay Minerals explained that certain charges were incorrectly added to the per-ton zinc treatment charge for a portion of the year 1997, and then from 2005 onwards.
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