African Copper issues P150 million bond to build township

source: Sunday Stundard
by Sunday Standard Reporter
29.03.2008 1:25:50 P

The tri-listed copper miner, African Copper Plc, intends to issue P 200 million bond aimed at raising cash, part of which will be used to turn Dukwi and Mosetse villages—near its Mowana mine — into a township.

The company, which is due to commission its first mine ever at the end of April this year, has already made an application to the Botswana Stock Exchange ( BSE) with the view of listing the bond at a later date.

Joe Hamilton, Chief Executive Officer of African Copper, told The Sunday Standard on Friday from Canada that the ‘deal on the issuance of the bond will be closed on Monday” and the money will be used for the development of the Mowana mine and general [continue reading]

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