Axiom Mining has welcomed the High Court ruling that recognised the company’s lease over Kolosori in Isabel Province.
Kolosori became the site of much controversy as a nickel prospecting site between Japanese owned company, Sumitomo Metal Mining Solomons and Axiom KB – the joint venture company between Australia’s Axiom Mining company and the Kolosori-Bungusule tribes.
Axiom KB was awarded a Prospecting Licence for the tenement in 2011, and had started exploration activities when they were stopped by an injunction brought on by a civil claim by Sumitomo.
