Dec 24 (Reuters) - AIC Mines Ltd A1M.AX :
* UPDATES ON KITUMBA SALE PROCEEDS
* VULCAN BREACHED OBLIGATION TO PAY 1ST INSTALMENT OF DEFERRED CONSIDERATION OF $1 MILLION, WHICH WAS DUE BY 30 NOV AND HAS NOT PAID INTEREST DUE
* AIC IS CONSIDERING REMEDIAL ACTION AVAILABLE TO IT IN CIRCUMSTANCES