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Arbitration Over New Liberty Mine Favors Avesoro Resources

 An arbitration tribunal has rejected a claim against  Avesoro Resources Inc (LON:ASO TSX:ASO) related to the early building work on the New Liberty gold mine in Liberia.Contractor International Construction & Engineering (Seychelles) brought the action against Avesoro, which was then called Aureus Mining.
It went to arbitration in 2015 but the action has now been dismissed.
Avesoro said it had also largely been successful in a counterclaim and had been awarded its legal costs.
The miner was taken over and refinanced by Turkish conglomerate MNG last year after teething issues and a tailings problem affected cashflows.

Video of the day

All Liberia Party Standard Bearer Benoni Urey speaking to media executives at his residence in Careysburg.

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