ENRC completes acquisition and resolves dispute

Mining giant Eurasian Natural Resources Corporation has completed the acquisition of First Quantum Minerals's residual claims and assets for a total consideration of $1.25bn.

The assets relate to the Kolwezi Tailings project, the Frontier and Lonshi mines and related exploration interests, all located in the Katanga Province of the Democratic Republic of Congo.

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The firm said that all parties have resolved all disputes relating to the companies being sold, and their assets and operations in the DRC.

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