July 31, 2012 / 6:22 AM / in 5 years

ENRC secures licence for Congo mine for $101.5 mln

LONDON, July 31 (Reuters) - Kazakh miner ENRC said on Tuesday it had secured the licence for the Frontier copper mine in Congo - an asset disputed by rival and former owner First Quantum until a January settlement was reached - for $101.5 million.

The new licence, which will include the area previously granted to First Quantum but also adjacent areas, will be granted by the Congolese government “in the coming weeks”.

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