Irish stock market-listed mineral exploration company Kenmare Resources has said it does not benefit from low corporate tax rates in Mauritius after two of its affiliate companies were included on a list of companies linked to the African island nation.
“We need a whole new way of thinking. The political system that adults have created is all about competition. You cheat when you can because all that matters is to win… we need to start co-operating and sharing the remaining resources of this planet in a fair way.”
Former mining company executive Donal Kinsella will have to repay €250,000 of a €500,000 payment he received so that a record €10m libel award to him against the company could be appealed, the Court of Appeal has ruled.
The Court of Appeal will rule later on an appeal by Kenmare Resources over a €10m libel award, the highest in the history of the State, to its former deputy chairman Donal Kinsella over a press release issued by the firm.
Irish mining company Kenmare Resources has announced its intention to pay a maiden dividend to shareholders before the end of next year. The company, which owns the Moma titanium mine in Mozambique, said it plans an initial modest payout to shareholders in the second half of next year and that dividend value will be a minimum of 20% of post-tax profit.