Moolman agrees to AF Copper debt deal

The mining contractor is currently owed over P60 million by struggling African Copper. Zambia Copper has since agreed to take over the debt, along with the operations of the Mowana Mine, and is likely to bring in its own contractors.

In a joint statement, Zambia Copper and African Copper said, as part of the debt acquisition, all existing agreements between African Copper and Moolman have been terminated, including the mining contract in relation to African Copper's Mowana Mine.