01.05 2013

Discovery Metals Limited successful at Supreme Court

GRT Lawyers is pleased to announce that the Supreme Court of Queensland dismissed Sedgman Limited’s (Sedgman) application against GRT’s client, Discovery Metals Limited (DML).  The Supreme Court agreed with DML that Sedgman had acted, among other things, outside the terms of the May 2010 Engineering Procurement & Construction FIDIC Contract (EPCC) in trying to bypass a very clear dispute resolution and arbitration process set out in the EPCC.

 

In what has been a very complex legal matter (as it’s the first judicial consideration of the international contract “FIDIC”), GRT Lawyers would like to congratulate DML in its successful resolution of this process.

 

You can read more about the case in an article published on 1 May 2013 in the Courier Mail here.

 

Discovery Metals is a copper and silver concentrate producer from its 100% owned major asset, the Boseto Copper Project in north-west Botswana.  The Company is also evaluating a number of Boseto expansion scenarios.  Discovery Metals is creating further shareholder wealth through the continued development of and exploration around the Boseto area.  Discovery Metals is listed on the Botswana Stock Exchange (BSE:DML) and the Australian Securities Exchange (ASX: DML) and is an ASX200 company.


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