Exco Resources Limited (ASX:EXS, �Exco�, �Company�) has a right to a royalty entitlement over the sulphide ores under the Great Australia mining lease in Cloncurry, Qld, which is being mined by CopperChem Limited (�CopperChem�) (a subsidiary of Washington H. Soul Pattinson and Company Limited) pursuant to the terms of the Exco-CopperChem Alliance Agreement entered into in December 2004 and varied in September 2009 (�Alliance Agreement�).
CopperChem is disputing the Company's entitlement to the royalty under the Alliance Agreement.
Exco intends to initiate discussions with CopperChem with a view to resolving the matter as soon as possible.
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