Avesoro Wins Arbitration Case, Claim Dismissed And Legal Costs Awarded

757x468_DAVID-READING-TO-USELONDON (Alliance News) – West Africa-focused gold miner Avesoro Resources Inc said Tuesday an arbitration claim brought against it has been dismissed.

AIM-listed Avesoro said the claim, brought by International Construction & Engineering over its contract for works at Avesoro’s New Liberty gold mine in Liberia, was dismissed by a tribunal.

Additionally, Avesoro was successful with “the majority” of its counterclaim and was awarded its legal costs.

Shares in Avesoro Resources were up 6.7% at 2.00 pence Tuesday morning.

SOURCE: News Now/Alliance News Online

By Adam Clark; adamclark@alliancenews.com

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About Cholo Brooks 13180 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.