Khan Resources' suit moves forward PDF Print E-mail
Wednesday, 02 November 2011 09:38
Source: Reuters
Canada's Khan Resources said its litigation claiming CAD 300 million from uranium miner Atomredmetzoloto JSC (ARMZ) passed a hurdle with an Ontario court validating service on Russia's state-owned company.
Khan sued ARMZ in the Ontario Superior Court of Justice for alleged interference in its Mongolian operations, but the Russian justice ministry had refused to effect service on the state-owned miner in February.
Khan said ARMZ sought to eliminate Khan's mining and exploration licenses in Mongolia so that it could proceed with its own joint venture with Mongolia's state-owned MonAtom.
 

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