Strike Resources to receive $4.3m compensation in 6 months
Monday, December 10 2012 - 01:55 AM WIB
By Ruli Setiawan
ASX-listed Strike Resources Ltd will receive US$4.3 million in six months as part of agreements to settle dispute over the Berau coal project.
In return Strike will exit the project, the company said in a statement made to announce the executive of the detailed agreements to settle the dispute.
?Strike?s partner is required to provide a real estate security that covers a major part of the settlement amount,? said the statement received Monday.
Editing by Reiner Simanjuntak