African Copper continues loss making streak

Commenting on the recently published financial results, African Copper Acting Chief Executive Officer and Director, Jordan Soko said the company continues to require the support of its parent company and principal shareholder ZCI Limited.

“ZCI has agreed to defer all principal and interest payments arising from the company’s debt obligations until 31 December 2015 and has confirmed it will continue to make sufficient financial resources available to African Copper up to a maximum of $7million to allow it to meet its liabilities in the course of normal operations,” said Soko.