AVZ 0.00% 78.0¢ avz minerals limited

Ann: Voluntary suspension update and further extension, page-358

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  1. 4,520 Posts.
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    "First Quantum( Canada) launched international litigation against both the DRC and ENRC claiming billions in compensation. But yesterday the dispute ended when ENRC agreed to pay $1.25bn over three years to First Quantum in return for its share in Kolwezi and two other mines it owns in the DRC.
    First Quantum, said the company was "satisfied that we have reached this agreement which we believe is in the best interests of our shareholders".

    The project in question was passed through it's channels ended up in Zijin's control( 72%) as was intended .ENRC was the middleman . AVZ's Manono is worth many times more .

    Educate yourself before posting rubbish . IMO
 
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