ENRC settles Brazil iron ore mine row for $300M

摘要

ENRC NV has reached a $300-million settlement in a longstanding legal dispute over its acquisition of a stake in a Brazilian iron ore mine, parent company Eurasian Resources Group Sarl (ERG) said March 30.The dispute related to ENRC's acquisition of Ardila NV's stake in the Pedra de Ferro iron ore mine in Brazil in 2010. Ardila had obtained attachments on ENRC's assets valued at $1.7 billion, which have been lifted.