Australia's Equatorial Resources rises as Congo arbitration decision nears

Equatorial Resources

12/11/2025 03:26

** Shares of iron ore miner Equatorial Resources EQX.AX rise 2.5% to A$0.205,  on track for strongest session since November 4

** Co says final hearing in its arbitration against the Republic of Congo was completed on Tuesday;  adds tribunal will now render a decision in due course which could include a final award
** As part of the arbitration, co's Mauritian unit, EEPL Holdings, is claiming damages ranging from $395 million to $1.25 billion against Congo
** Unit claims Congo unlawfully expropriated its investments in two projects, in violation of a Congo-Mauritius investment treaty
** Stock up 86.4% YTD

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.shaikh@thomsonreuters.com))