Australian mining company accepts to pay Mali $160mln in tax dispute

Australian mining company, Resolute Mining, said it has accepted to pay $160 million to settle a tax dispute with the Mali government, after authorities detained its British CEO. The company agreed to an immediate settlement of $80mln from available funds, with the rest to be paid later, the media reported. The CEO was detained along […]

UN to vote on resolution endorsing autonomy under Moroccan sovereignty

The UN Security Council will vote this Oct 31 on a resolution that calls for the parties to negotiate on the basis of Morocco’s autonomy plan as the conflict nears its 50th anniversary. Morocco’s Autonomy Proposal, first submitted in 2007, is described in the resolution as a “most feasible” basis for a just, lasting, and […]

Alstom Supplies Libya Gas Turbine Spare Parts

French power leader Alsthom will provide Libya spare parts for 11 gas turbine units under a 250 million euro contract signed with General Electricity Company of the North African country. The Alstom spare parts are destined for five Libyan power plants operating GT13 turbines manufactured and installed by the French company. The delivery of parts […]