Platinum Australia Settles With Redpath Mining

Mining Weekly reported Platinum Australia (ASX:PLA) has settled with mining contractor Redpath Mining.

As quoted in the market news:

The dispute centered around an underground mining contract at the Smokey Hills mine, in South Africa, which was terminated in October 2010.

Administrators Pitcher Partners said in a statement to the ASX that both Platinum Australia and Redpath considered the outcome to be “sensible”.

Click here to read the full Mining Weekly report.