Arizona Court upholds Vane Minerals' lawsuit against Department of Interior
AIM-listed copper, gold and silver mining company Vane Minerals has issued a legal update relating to its ongoing court proceedings with the US Department of the Interior.
AIM-listed copper, gold and silver mining company Vane Minerals has issued a legal update relating to its ongoing court proceedings with the US Department of the Interior.
According to a trading statement issued by Vane on Friday morning, an attempt by the US Department of Interior to dismiss lawsuits filed by Vane, challenging its withdrawal of lands, faced a setback on January 8th, after the US District Court of Arizona denied all but one of the Department of Interior's claims.
As a result of the court order, the lawsuits will proceed and oral arguments will be heard on March 1st.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The development follows Vane's decision to join legal proceedings with the National Mining Association and Nuclear Energy Institute against the US Department of Interior in June 2012.
Vane is seeking compensation for damages it sustained by the Department of Interior's withdrawal of over one million acres of federal lands in northern Arizona.
According to Vane, the withdrawal of land prevented it from carrying out activities on 678 mining claims including claims held by its joint venture with U1, on which Vane said it had invested several years and several million dollars in an effort to develop uranium.
VML's share price was unchanged at 0.78p at 09:31 on Friday morning.
MF
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
8 of the best riverside properties for sale
The best riverside properties for sale – from a Grade II-listed former mill house with views over the River Chelmer in Essex, to a townhouse on a Georgian terrace overlooking the Avon Gorge in Clifton, Bristol
-
Will “Liberation Day” strike again?
Donald Trump’s 90-day tariff pause comes to an end on 9 July. Can we expect further market turmoil?