Abitibi Royalties files injunction against Osisko to enforce rights
TORONTO (miningweekly.com) – TSX-V-listed Abitibi Royalties on Friday said that it had filed a motion with the Quebec Superior Court to grant an injunction against Osisko Mining to enforce its contractual rights under the joint venture arrangement to explore and develop a mining property known as the Malartic CHL prospect.
The Malartic CHL property, in which Abitibi Royalties owns a 30% free-carried interest, is located about 700 m east of Jeffrey zone, along the Cadillac-Larder Lake Fault, and is about 4.5 km from the Canadian Malartic mill complex. It comprises ten claim blocks situated just east of the South Barnett openpit, covering the historic Shaft zone, Mammoth zone and Jeffrey zone.
Abitibi said it asked the court to issue provisional, interlocutory and permanent injunction orders under Articles 110 and 751 et sequentia of the Quebec Code of Civil Procedure.
Osisko responded, saying that it had received the motion materials form Abitibi. The miner, which owns the Canadian Malartic mine, said that it would defend itself vigorously against the claims, which it considered “opportunistic and entirely without merit”.
The CHL prospect is undeveloped and includes the Jeffrey zone, which comprises a portion of Osisko's current reserve estimate, but is not considered material by Osisko. No mining permits are currently held on the CHL prospect and there are no known resources or reserves on eight of the ten claims of the prospect.
The motion is set to be heard on Friday.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...
VISIT SHOWROOM
Iritron delivers advanced automation, control, and optimisation solutions to the Mining, Minerals & Metals, Consumer Package Goods and...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
