/KASE, March 7, 12/ - EURASIAN NATURAL RESOURCES CORPORATION
PLC (London), whose common shares are officially listed at Kazakhstan Stock
Exchange (KASE), has provided KASE with the following press-release of March
2, 2012:
quote
London - Eurasian Natural Resources Corporation PLC ("ENRC" or jointly with
subsidiaries - "Group"), today announces the conclusion of a previously
announced deal with First Quantum Minerals Ltd.'s ('FQM') regarding purchase of
its remaining claims and assets concerning the Project for processing of dumps of
mine Kolwezi Tailings, as well as mines Frontier and Lonshi and the relevant
participation in the survey of mines all of which are located in Katanga,
Democratic Republic of Congo ("DRC"), for a total compensation of USD1.25 bn.
The total amount of compensation includes USD750 m, which will be paid as at
the moment of the deal conclusion, as well as deferred reimbursement of
USD500 m in the form of a note with 3 years maturity and yield of 3%, payable
annually at the period's end.
With regard to this deal FQM, ENRC and DRC government have settled all
disputes over companies to be sold, their assets and production capacities in
DRC. Besides, under that settlement ENRC, FQM and DRC government have
freed each other from fulfillment of all claims and court verdicts relating to the
above-mentioned or any other question emerging in DRC as of the date of
conclusion of the deal or prior to that date.
For additional info please turn to:
ENRC: Investor Relations
Munissa Shodieva +44 (0) 20 7389 1879
Charles Pemberton +44 (0) 20 7104 4015
Alexandra Lyakhu +44 (0) 20 7104 4134
ENRC: Corporate communication department
Yulia Kalcheva +44 (0) 20 7389 1861
M: Communications (Advisors to ENRC on corporate communications):
Hugh Morrison +44 (0) 20 7920 2334
Charlotte Kirkam +44 (0) 20 7920 2331
Andrew Benbow +44 (0) 20 7920 2344
unquote
The full press-release is available on KASE website, at
http://www.kase.kz/files/emitters/GB_ENRC/gbenrc_reliz_020312.pdf
[2012-03-07]