trending Market Intelligence /marketintelligence/en/news-insights/trending/v6bSToJ2L45s0qNcljUfKQ2 content esgSubNav
In This List

Malaysian court throws out appeal against Monument over Mersing gold project

Blog

Insight Weekly: US inflation soars; real estate faces slowdown; megadeals drive tech M&A

Blog

World Exploration Trends 2022

Blog

Gold Market Outlook

Blog

Insight Weekly: Path to net-zero; US manufacturing momentum; China's lithium M&A frenzy


Malaysian court throws out appeal against Monument over Mersing gold project

Monument Mining Ltd. has beaten an appeal by the vendors of the Mersing gold project against an earlier Malaysian court ruling ordering that they repay Monument the purchase price for the project.

The Vancouver, British Columbia-based explorer said Sept. 26 that the Court of Appeal has upheld the March ruling by the Shah Alam High Court awarding Monument C$500,000 and the return of the 1.5 million shares it issued under an earn-in agreement struck in 2011.

Monument launched legal action against Emas Kehidupan Sdn. Bhd. and shareholders Zackry Mohamed Iwaz and Kesit Pty. Ltd. after the vendors failed to transfer the Mersing mining concession to a joint venture company, a condition of the earn-in agreement.