Strike Resources says Berau settlement completed
Tuesday, April 2 2013 - 04:36 AM WIB
By Romel S. Gurky
ASX-listed Strike Resources Limited reported on Tuesday that the settlement of the dispute over the Berau Coal Project is now complete.
In its statement, Strike said it has received the settlement proceeds of US$4.3 million and exited the Project.
?The settlement closes a difficult chapter in the Company's history and frees management to focus solely on progressing the Company?s Peruvian iron ore projects.? Managing Director William Johnson said.
Editing by Adianto P. Simamora