MANAGEMENT

Rolleston royalty legal dispute could see CCA $80.6M out of pocket

COCA-Cola Amatil subsidiary Associated Products & Distribution may have to repay $80.6 million that Glencore “mistakenly paid” it as a consequence of a complex legal case being brought against the Queensland government about the ownership of land around the mining’s company’s Rolleston mine.

APD claims it retained the sub-surface strata and associated mineral rights.

APD claims it retained the sub-surface strata and associated mineral rights.

A counterclaim by the Queensland government maintained it owned the disputed land since 1985 and that Glencore and its Rolleston joint venture partners needed to pay it the $80.6 million "underpayment"....

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