- Polo Resources said investee company Celamin Holdings had received a favourable decision in an arbitration dispute.

The dispute was with joint venture partner Tunisian Mining over the fraudulent transfer to Tunisian Mining of Celamin's 51% shareholding in Chaketma Phosphates.

An arbitrator appointed by the International Court of Arbitration of the International Chamber of Commerce found in favour of Celamin and ordered Tunisian Mining to pay damages and costs in excess of $4m.

"Celamin will provide a more detailed update in due course following review of the complete final award," Polo said.

At 8:29am: [LON:POL] Polo Resources Limited share price was +0.37p at 3.38p

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