Jones Day and Fasken Martineau have taken lead roles on Eurasian Natural Resources Corporation’s (ENRC) $1.25bn (£1bn) settlement with First Quantum Minerals in the dispute over the Kolwezi copper mine in the Democratic Republic of Congo (DRC).
The dispute, which concerns Canadian mining company First Quantum’s stake in the Kolwezi project, kicked off after the mine was seized from First Quantum by the DRC Government in 2009. ENRC subsequently purchased a majority stake in the mine in 2010, prompting its former owner to launch litigation proceedings.
