Key points
- A directions hearing in Sydney set the arbitration hearing date for Aug. 26, 2013.
- Arbitrator Murray Gleeson, AC, QC, set aside 10 days from that date to conclude the hearing.
- The schedule is consistent with Nautilus Minerals’ expectations.
- Nautilus will continue to engage with the State of Papua New Guinea to try to resolve matters amicably.
The hearing date for the arbitration commenced by the Independent State of Papua New Guinea against Nautilus Minerals Inc. has been set down for Aug. 26, 2013.
At a directions hearing held in Sydney, Australia, the arbitrator of the dispute between the state of PNG and Nautilus, Murray Gleeson, AC, QC, set the date for the hearing of the arbitration on Aug. 26, 2013, and has set aside 10 days from that date in order to conclude the hearing, which is consistent with the company’s expectations.
Despite the date of the hearing having been fixed, Nautilus will continue to engage with the state in an effort to resolve matters amicably.
