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Goldplat unit agrees to arbitration with Rand Refinery over payment dispute

Goldplat Plc said Dec. 11 that its Goldplat Recovery Pty. Ltd. subsidiary agreed to an arbitration process with Rand Refinery Pty. Ltd. to be conducted in June 2018 to recover amounts the latter owes the Goldplat unit.

In April, the company planned to start legal proceedings against Rand Refinery to recover 13.5 million South African rand of allegedly unpaid invoices after rejecting Rand Refinery's proposal to settle a dispute over a silver processing agreement.