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Vietnamese mining firm drops $132M arbitration award dispute with WorleyParsons unit

The operator of a Vietnamese mine has dropped its Federal Court proceedings against WorleyParsons subsidiary Jacobs E&C over the enforcement of a $132 million arbitration award.

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WorleyParsons unit to contest $132M arbitration award in Vietnamese mining dispute

Engineering firm Jacobs E&C, which was acquired by WorleyParsons last year, has said it will resist an arbitration judgment of around $132 million handed down against it in March to the operator of a Vietnamese mine.

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