Update: Market Chatter: Mineral Resources Files Legal Proceedings Against Port Authority for Access to Chevron Deal
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Mineral Resources has initiated legal proceedings against Western Australia's Pilbara Ports Authority to challenge annual levies benefiting Chevron, which threaten its Onslow Iron project. The company claims it has been denied access to the agreement related to these charges and seeks court intervention for validation and document disclosure. A spokesperson criticized Chevron for profiting from public shipping channels. Following the news, shares of Mineral Resources increased by 8%.
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