Rapaport News



Rapaport Broadcast
Martin Rapaport Addresses Israel Diamond Week
February 12 2020

Advanced search
Latest Articles
Rough Markets
Polished Markets

BHP Billiton, Peregrine Settle Litigation & End Chidliak Royalty Deal

Jan 25, 2016 1:52 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... BHP Billiton Canada (BHPB) settled litigation with Peregrine Diamonds and ended a royalty agreement with the diamond miner related to the Chidliak project in Canada.

Under the royalty arrangement, Peregrine had granted BHPB 2 percent of future mineral production, including diamonds, from the Chidliak asset. A dispute between the companies arose in May 2015 in regard to BHPB’s transfer of the royalty to South32, a company formed when BHPB demerged.

“In consideration of Peregrine terminating its legal action against BHPB and a cash payment of $125,000, BHPB has agreed to terminate the royalty agreement and thereby cancel the Chidliak royalty,” Peregrine said in a statement January 22.
Tags: BHP Billiton, BHP Billiton Canada, chidliak, financial, legal, litigation, Peregrine Diamonds, Rapaport News
Similar Articles
AWDCBelgium Tightens Access to Diamond Trade
Jan 09, 2020
Belgium has introduced legislation requiring managers of diamond companies to prove...
De Beers Issues Synthetics Guidelines
HRD Antwerp Receives Two Takeover Bids

Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
twitter twitter
About Rapaport
Advertise with us