African Copper posts P252 million profit

Thursday, February 18, 2010

Junior miner, African Copper has posted a P252 million profit for 2009, with concentrate from its resurgent Mowana Mine leveraging on the strong copper price.

Last January, operations at Mowana were suspended after the UK company suffered a cash flow crisis arising from depressed copper prices.

The suspension came four months after the mine shipped its first concentrate. However, Zambia Copper Investments bailed out the troubled mine last May, enabling the resumption of production in August 2009.

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African Copper posts P252 million profit

Junior miner, African Copper has posted a P252 million profit for 2009, with concentrate from its resurgent Mowana Mine leveraging on the strong copper price.

Advancing social justice and decent work in Africa: A blueprint for change

Staying safe amidst the electoral frenzy as journalists brace for October election

Cultures Spears makes waves in the SA market

Sephobe for Miss Royal International Florida

Threads of broken bonds

Teen carves promising artistic path

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Stakeholders must step up veggie supply