ENRC settles legal battle out of court

Shares in Eurasian Natural Resources Corporation (ENRC) leapt on news it has settled a dispute with Canadian mining firm First Quantum over assets in the Democratic Republic of Congo.

Shares in Eurasian Natural Resources Corporation (ENRC) leapt on news it has settled a dispute with Canadian mining firm First Quantum over assets in the Democratic Republic of Congo.

The two disgruntled companies have reached an agreement under which ENRC will pay First Quantum £1.25bn for the majority of its assets in the DRC. ENRC will also be required to pay for the legal costs.

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