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The latest update is out from Indiana Resources Limited ( (AU:IDA) ).
Indiana Resources Limited has received the final instalment of US$30 million from the United Republic of Tanzania as part of a US$90 million settlement agreement. The company plans to return capital to shareholders, pending a tax ruling from the Australian Taxation Office. However, a dispute has arisen with the Tanzanian Revenue Authority over alleged taxes owed, which Indiana denies, and a separate arbitration process is underway concerning the distribution of settlement funds among shareholders.
More about Indiana Resources Limited
Indiana Resources Limited is a company involved in the resources sector, primarily focusing on mining and exploration activities. The company is listed on the Australian Securities Exchange under the ticker IDA.
Average Trading Volume: 100
Technical Sentiment Signal: Buy
Current Market Cap: $30.3M
See more insights into IDA stock on TipRanks’ Stock Analysis page.