Panthera Resources to Acquire Indian JV Partner for $1.4 Mln
London-listed mining group Panthera Resources PLC has acquired its Indian joint-venture partner, Metal Mining India Private Ltd (MMI). With the acquisition, the company has secured the rights of former MMI shareholders to make a potential claim under the Australia-India Bilateral Investment Treaty against the Republic of India over the grant of certain prospecting licenses. The company’s legal adviser has said a potential claim under the treaty has legal merit, and discussions are under way with several potential litigation funders to support a claim. More from MarketWatch.