OREANDA-NEWS. January 26, 2012. Agreement signed with First Quantum Minerals Ltd. to acquire their residual assets and settle all claims in relation to their Democratic Republic of Congo operations, reported the press-centre of KASE.
 
Provides framework for both Companies to move forward in pursuit of their respective strategies

Agreement conditional on the completion of certain conditions and legal releases with an expected closing by end February 2012

London - Eurasian Natural Resources Corporation PLC ('ENRC' or, together with its subsidiaries, the 'Group'), today announces that it has reached an agreement with First Quantum Minerals Ltd. ('FQM') to acquire their residual claims and assets in respect of the Kolwezi Tailings project, and the Frontier and Lonshi mines and related exploration interests, all located in the Katanga Province of the Democratic Republic of Congo ("DRC"), and to settle all current legal matters relating to these interests for total consideration of USD1.25 billion.