Friday, July 30, 2010

CMSB and Rio Tinto mutually agree to extend HOA to be terminable from Aug 1

KUALA LUMPUR: CAHYA MATA SARAWAK BHD [] (CMSB) announced that the company and Rio Tinto Aluminium (M) Sdn Bhd have mutually agreed to further extend the Heads of Agreement (HOA) from Aug 1, 2010 to be terminable by either party giving the other a one-month notice of termination.

In a filing to Bursa Malaysia, July 30, CMSB said the HOA involved the proposed design, engineering, CONSTRUCTION [] and commissioning and operation of an aluminium shelter in Sarawak.

The company had earlier announced in May that both parties have mutually agreed to extend the HOA to July 31, 2010.


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