Shares in African Copper surged 68 percent after the exploration development company declared it has struck a deal to be bought up by rival group Zambian Copper Investments, which will provide ACU with a comprehensive financing package of around $22.5 million. For full story, click here
Continue reading "Shares of African Copper rose on ZCL deal"
Thursday, April 30, 2009
Glencore International AG’s Zambian unit, Mopani Copper Mines Plc, will keep mining at its Nkana and Mufulira mines in the country after price of metal rebounded. For full story, click here
Continue reading "Glencore's Zambian unit will keep Copper mines open"
Friday, April 17, 2009
India-focused miner Vedanta Resources Plc. reported to be in leading the race to acquire Zambia’s Luanshya Copper Mines. For full story, click here
Continue reading "Vedanta is in leading race for Zambian Copper Mine"
Wednesday, March 25, 2009
The Zambian central bank is expecting world copper prices to surge above the $4,900 a metric ton by the end of 2009, easing the pressure suffered by Zambian copper mines since July last year. For full story, click here
Continue reading "Zambian Central Bank sees copper price surging above $4900/ton"
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Monday, May 11, 2009