https://www.miningweekly.com

African Copper to delist by June

27th May 2015

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

  

Font size: - +

JOHANNESBURG (miningweekly.com) – Zambia Copper Investments subsidiary African Copper on Wednesday said that it would cease to trade ordinary shares on the LSE from June 5, with the Aim-cancellation becoming effective June 8.

The embattled company earlier this month reported that it had agreed to an unsecured loan facility for $1.5-million with its majority shareholder, the Copperbelt Development Foundation, but warned that this funding inflow might not be enough to keep the company’s doors open beyond June.

The copper producer’s early termination of the Thakadu mine, in Botswana, coupled with unforeseen shortfalls in production had resulted in a current working capital deficit.

It was now in the process of arranging a matched bargain trading facility.

Edited by Tracy Klückow
Creamer Media Contributing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 
Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 21 August 2026
Magazine round up | 21 August 2026
21st August 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.051 0.073s - 134pq - 2rq
Subscribe Now