Mining company Compass Mining has regained mining equipment in Maine thanks to a court ruling in its favour.
Compass Mining’s miners were left in a facility in Maine operated by Dynamics Corp. Compass Mining filed a lawsuit against its former partner as a result of its disagreement with Dynamics Corp. “holding it hostage” had suggested.
A court in Delaware ruled on July 5 that Dynamics Corp’s remaining devices at the Maine facility “operate, relocate, or otherwise dispose of these devices” banned.
Dynamics Corp’s claim is that Compass Mining has some parts of the agreement between them. It was that he was delaying payments.. Responding to this claim, Compass management have fulfilled their obligations He objected to the allegations.
Compass Mining took back the remaining devices at the facility after receiving a positive result from its lawsuit filed on June 21. Compass Mining operates at several different sites across the USA and Canada. miner on behalf of customers holding. Compass customers who have a device at the facility in Maine will be able to get their device back upon request.
Meanwhile, Compass sought a new partner to move the remaining devices to another facility. The company expects this process to be completed by the end of the third quarter, while devices purchased from Maine at that time will be temporarily held in storage in Denver.