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Reuters reported that ENRC has settled a dispute with First Quantum (TSX:FM) regarding the Kolwezi copper-cobalt project.
Reuters reported that ENRC has settled a dispute with First Quantum (TSX:FM) regarding the Kolwezi copper-cobalt project.
As quoted in the market news:
ENRC 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of $500 million as part of the settlement with First Quantum, the former owner of Kolwezi until its license was revoked by the DR Congo in 2009.
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