Af Copper secures funds for further exploration

Tuesday, November 30, 2010

Botswana Stock Exchange-listed miner, African Copper, say they have managed to secure a $7,5-million(P50 million) loan from its majority shareholder Zambia Copper Investments (ZCI ) to finance exploration work at its various prospects in eastern Botswana.

ZCI owns an 82,6 percent share in African Copper.

"We are pleased with ZCI's commitment to assist (African Copper) to explore its growth projects and value-adding activities that could potentially extend mining beyond the current life-of-mine, as well as enhance current operations," said acting CEO of African Copper, Jordan Soko.

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