Monday, September 2, 2013

Ausgroup

Ausgroup: Gave an update on its legal proceedings with Karara Mining, Ausgroup will confirm that a further $18.3m has now been certified byKML, which is expected to be paid under the terms of the Contract over the course of this week. Thisis in addition to the progress payment of $13.0 million paid in July 2013. The management of bothcompanies continue to work through the remaining matters in dispute, which if unresolved will be thesubject of the Court supervised mediation on 27 September 2013. Counter will release its trading halt at 9.30am today.

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