Business
Update
Update.
About this update from Shearwater Group Plc
[{"type":"text","content":"\n RNS Number : 2620D Aurum Mining PLC 11 September 2008 \n \n\n\n\n\nFOR IMMEDIATE RELEASE\n\n\n11 September 2008\n\n\n\n\n\nAURUM MINING PLC\n('Aurum' or 'the Company')\n\nUpdate\n\nAurum Mining plc (AIM: AUR) is giving a further update to the market following the announcements made on 19, 28 August and 3 September 2008, in which it was announced that it had reached a settlement with the plaintiff in the civil case in which the Company's wholly owned subsidiaries Andash Mining Company (AMC) and Kaldora Company Limited were named as co-defendants.\n\nThe Bishkek Inter-District Court of Kyrgyzstan has suspended proceedings in the civil case on a technical issue. Under Kyrgyz law, a judge can grant a temporary suspension on a case while it awaits expert advice on key aspects of that case or where the grounds in the case are not clear enough for an immediate judgement to be made.\n\nHowever, and a measure of goodwill towards AMC, the judge lifted the financial injunction that was previously imposed by the court. The court recognised that the delay in closing the case was having a material impact on the operations of AMC and as a direct result of this ruling AMC is now able to recommence its day to day activities in Kyrgyzstan.\n\nA further announcement will be made in due course.\n\nMark Jones the Chief Executive Officer stated:\n\nThe process of having the case closed in the Bishkek Courts is taking longer then we had hoped, however discussions with the authorities are positive, and as shown by the lifting of the injunction the court understands the importance of resuming normal activities as soon as possible.\n\nFor further information: \n\n\n\n\n\nAurum Mining plc\n\n\nTel: 020 7478 9050\n\n\n\n\nMark Jones, Chief Executive\nChris Eadie, Chief Financial Officer\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nArbuthnot Securities\n\n\nTel: 020 7012 2000\n\n\n\n\nJohn Prior\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBuchanan Communications\n\n\nTel: 020 7466 5000\n\n\n\n\nMark Court \nRebecca Skye Dietrich\n\n\n\n\n\n\n\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSC...