African Copper does not require govt assistance - CEO

"In our case, the government elected to allow African Copper to develop the mine on a 100 percent basis. African Copper is fully financed to develop the mine as currently designed and does not require any government assistance," he said.

Hamilton added that African Copper views the decision as a vote of confidence in the social, health and safety policies that have been implemented and environmental studies that have been ratified. "Obviously, the government feels that direct participation and supervision of African Copper and the Messina Copper Project is not required and that routine inspections by various government ministries will suffice," Hamilton said.