April 19 (Reuters) - NKWE Platinum LTD NKP.AX :
* Update on proceedings against international petroleum ltd NKP.AX
* IPL has been and remains unable to perform its obligations and IPL is not entitled to the relief claimed by it
* Nkwe Platinum has suffered loss and damage and seeks compensation, as assessed
* Nkwe Platinum has sought in its counterclaim, as an alternative, payment of A$10 million from IPL
* Refers to announcement on 25 February and advises that it filed amended defence and counterclaim in proceedings
* Source text for Eikon