Red Rock Resources plc has been awarded an additional $2 million in damages with costs in its legal action over its copper-cobalt joint venture in the Democratic Republic of Congo. ENFORCEMENT On 14 January, the Commercial Court of Lubumbashi issued an executory judgment ordering Vumilia Pendeza SA (VUP) to pay the sum. This follows the earlier judgment […]
Tag: copper
Kavango resumes drilling at Ni-Cu project in KSZ, Botswana
Kavango Resources plc announced the start of drilling hole KSZDD002 at its nickel-copper project in the Kalahari Suture Zone, Botswana. PROGRAMME KSZDD002 is designed to intercept the B1 Conductor, a geophysical anomaly that the Kavango believes to be a prospective target for possible massive sulphide nickel or copper mineralisation. On 14 January, Mindea Exploration and […]
Power Metal starts reconnaissance work at Wallal
Power Metal Resources plc announced the start of ground reconnaisance at its gold-copper interests in the Wallal project in the Paterson Province, Western Australia. DRILL LOCATIONS The company’s assets are held through through First Development Resources Ltd (FDR). The Wallal project, comprising E45/5816, E45/5853 and E45/5880, is one of FDR’s three Paterson region projects. A reconnaissance team will survey and […]
CAML copper plant unaffected by Kazakh unrest
Central Asia Metals plc reported no disruptions from recent unrest to its electro-winning copper recovery plant in Kounrad, Kazakhstan. FINANCES In its financial results for Q4 and full year 2021 for Kounrad and the Sasa zinc-lead mine in North Macedonia, the company said copper production was in line with expectations. Central Asia Metals held cash […]
Red Rock obtains $2.5m payment order for Katanga partner
Red Rock Resources plc said it had obtained a $2.5 million payment order instructing its joint venture partner in the copper-cobalt licences in Katanga, the Democratic Republic of Congo. VINDICATION The company, with 50.1%, ownership, obtained the order from the Commercial Court in Lubumbashi instructing Vumilia Pendeza SA (VUP) to pay it $2,505,000 as a […]
CAML appoints Mike Armitage as NED
Central Asia Metals plc has appointed Dr Mike Armitage to the board as an independent non-executive director effective 10 January 2022. Dr Armitage, who will also join the sustainability committee, has some 35 years’ experience in the mining industry. He spent his early career working underground as a geologist in South Africa before joining […]