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Equatorial Resources Limited ( (AU:EQX) ) just unveiled an update.
Equatorial Resources Limited has announced that the final hearing in its arbitration case against the Republic of Congo will take place in Washington, D.C., from November 7 to 12, 2025. The arbitration, initiated by Equatorial’s subsidiary EEPL Holdings, concerns alleged unlawful actions by Congo against EEPL’s investments in two iron ore projects. The tribunal has ordered Congo to pay EEPL A$1.2 million for costs incurred due to a previous postponement of the hearing. EEPL is seeking compensation ranging from US$529 million to US$1,995 million, including interest and costs, for the alleged expropriation and unfair treatment of its investments.
More about Equatorial Resources Limited
Equatorial Resources Limited is an Australian company involved in the mining industry, focusing on iron ore projects. The company operates primarily in the Republic of Congo, where it has investments in the Badondo and Mayoko-Moussondji Iron Ore Projects.
Average Trading Volume: 142,095
Technical Sentiment Signal: Hold
Current Market Cap: A$17.75M
See more insights into EQX stock on TipRanks’ Stock Analysis page.