Business
Glencore coal royalty fracas ensnares Coca-Cola Amatil – The Australian Financial Review
When a Glencore-led mine “mistakenly paid” $54 million in coal royalties, it triggered a lawsuit that dragged drinks manufacturer Coca-Cola Amatil into the fray.
The joint venture said that part of the land where coal was mined had been transferred away from the state before 1910 and the grant of that land contained no reservation that the coal would remain state property part of a royalty carve-out in the states Mineral Resources Act.
Royal mess
In that case, the joint ventures legal claim argues, the royalties should flow to the owner: the venture headed by Glencore.
But in filings, by the Crown Solicitor, the state largely rejected the Glencore-led…
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