Irish mining company Kenmare Resources has been ordered to pay $5 million to its engineering, procurement and construction management (EPCM) contractor, Aveng, following a dispute over the completion of its Moma heavy sands mine expansion in Mozambique. Costs of the arbitration, which are not yet fixed and cannot be disclosed, will be the subject…...

Kenmare Resources' Moma mining project -- one of those which benefits from Mozambique's tax treaty with Mauritius. Photo: Kenmare Resources