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Mineral Commodities: Provides dispute update

  • Mining company Mineral Commodities (MRC) has provided an update on its ongoing dispute with the GMA Garnet Corporation (GMA Group)
  • The technical and general disputes involve stockpiled inventory quantities and other obligations under the companies agreements
  • Now, Mineral Commodities has received a termination notice for alleged material breaches of the offtake agreement
  • But the company does not accept the termination notice as valid and is seeking advice on the matter
  • Mineral Commodities first announced the disagreements on June 12, later providing further updates in its June 2020 quarterly report
  • Mineral Commodities shares closed steady today, priced at 24.5 cents per share
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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