Kazakh miner ENRC said it agreed a $1.25 billion settlement with Canada's First Quantum Minerals to end a long-running dispute over ownership of the Kolwezi project in the Democratic Republic of Congo.
The company said it will pay $750 million plus a deferred consideration of $500 million as part of the settlement with First Quantum, the former owner of Kolwezi until its licence was revoked by the DR Congo in 2009. Read more here...
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