ENRC granted 'significant' new licence in the DR Congo

Mining giant Eurasian Natural Resources Group (ENRC) has been granted a new mining licence by the government of the Democratic Republic of the Congo (DRC), a 'significant transaction' which is expected to add 'considerable value' to its operations in the country.

Mining giant Eurasian Natural Resources Group (ENRC) has been granted a new mining licence by the government of the Democratic Republic of the Congo (DRC), a 'significant transaction' which is expected to add 'considerable value' to its operations in the country.

The Frontier licence, granted to ENRC's subsidiary Frontier Sprl, is worth $101.5m and will be formally issued in the coming weeks. It will provide feed for the Frontier processing plant that was acquired as part of the settlement with First Quantum Minerals (FQM) in March.

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