Iron ore weakness to continue into 2025 and beyond, says Fitch Solutions’ BMI
Looking beyond 2024-2025, BMI analysts maintained their view that iron ore prices will likely follow a multi-year downtrend.
Canadian-based rare earths junior Stans Energy (TSX-V: HRE), (OTCQX: HREEF) said Wednesday it has resolved a lawsuit against the company by former Chief Financial Officer Anna Kuranova in an “amicable fashion”.
According to the company, Kuranova was hired in 2012 due to her extensive experience at producing mines in Russia. In 2014, however, she went on medical leave and never returned.
In March last year, she sued the company alleging a wrongful dismissal.
The Toronto-based company did not disclose details of the agreement with its former CFO.
The company has been in the news as of late because the Kyrgyz Republic owns Stans $118 million for revoking the miner’s licences for the Kutessay II and Kalesay rare earth properties.
The Kyrgyz Republic’s economy is highly dependent on gold and other precious metals and stones exports, which account for about 34% of the country’s shipments.
Comments
sailormac
Without knowing all the details of this particular case , my thought is that if an employee goes on indefinite medical leave, with no indication if or when they will return, then there comes a point where the employer can consider that individual to have resigned.