Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(Incorporated in Bermuda with limited liability)
(Stock Code: 00661) ANNOUNCEMENT PURSUANT TO RULE 13.09(1) OF THE LISTING RULES
This announcement is made by China Daye Non-Ferrous Metals
Mining Limited (the "Company") pursuant to Rule 13.09(1) of
the Rules Governing the Listing of Securities on The Stock
Exchange of Hong Kong Limited (the "Listing Rules").
Reference is made to the announcement dated 7 October 2011
issued by the Company (the "Announcement") in relation to the
Mongolian Proceedings (as defined in the Announcement).
Unless otherwise specified, capitalised terms defined in the
Announcement have the same meanings when used herein.
As disclosed in the Announcement, the Mongolian Arbitration
Center issued an arbitral award in relation to the Mongolian
Proceedings, pursuant to which the Mongolian Arbitration
Center ruled that the mining right to the Aleinuer Mine had
to be returned by Reservoir Moly to the Mongolian JV Partner.
On 12 October 2011, CRML lodged an appeal to the Court of
Appeal of Mongolia against such arbitral award. The appeal
was heard on 21 November 2011. On 1 December 2011, CRML
received the written ruling issued by the Court of Appeal of
Mongolia, which annulled the arbitral award issued by the
Mongolian Arbitration Center on the basis of procedural
irregularities and directed the dispute to be re-heard by the
Mongolian Arbitration Center. No further appeal is possible
under Mongolian law with respect to this decision of the
Court of Appeal of Mongolia. According to the advice of
CRML's Mongolian legal advisers, pending the outcome of the
re-hearing by the Mongolian Arbitration Center, the mining
right to the Aleinuer Mine remains vested in Reservoir
Moly.
Further announcement(s) in relation to the Mongolian
Proceedings will be issued by the Company as and when
appropriate.
By order of the board of directors
Chairman
Hong Kong, 6 December 2011
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As at the date of this announcement, the board of directors of the Company comprises three executive directors, namely Mr. Wan Bi Qi (Chairman of the board of directors), Mr. Chen Xiang and Ms. Yuan Ping; and three independent non-executive directors, namely Mr. Wang Qihong, Mr. Wang Guoqi and Mr. Qiu Quan Zhou.
The directors of the Company jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.
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distribué par | Ce noodl a été diffusé par China Daye Non-Ferrous Metals Mining Ltd. et initialement mise en ligne sur le site http://www.hk661.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2011-12-06 14:51:01 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
Documents associés | |
Announcement Pursuant to Rule 13.09(1) of the Listing Rules |