Metorex to raise $100 million

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Mon, Feb 1, 2010
Copper Company News
Post by Researcher , Copper Researcher

Metorex is reported to raise $100 million and revise Ruashi debt. The company announced its potential development projects included the central African Copperbelt deposits at Musonoi and the Kisenda and Lubembe projects in the Congo.

The press release is quoted as saying:

The company said the new capital would enable it to dispose of or to put on care and maintenance the non-profitable and cash consuming consolidated Murchison division, which was the only remaining non-core operation within the Metorex portfolio, fafter the disposal of the groups’ non-core assets in 2009.

Click here to access the entire press release

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