marketwatch.com

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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.

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