Mowana copper concentrate production interrupted

Mineral exploration and development group African Copper said Tuesday that the ball mill pinion shaft at its Mowana mine, in Botswana, had failed. The company said the failure and resultant damage had rendered the ball mill inoperable and...

Company Announcement: Additional USD5 Million Facility Secured from ZCI

LONDON, UNITED KINGDOM--(Marketwire - Feb. 1, 2012) - African Copper Plc ("ACU" or "the Company") (AIM:ACU)(BOTSWANA:AFRICAN COPPER), the copper producer and exploration company focused on Botswana, announces that it has secured an additional loan...

African Copper secures $2m loan for Mowana

Base metals explorer and producer African Copper has secured an another $2-million for its flagship Mowana mine, in Botswana. The funds were to provide the company with working capital, enabling it to improve production levels, said acting CEO...

African Copper edges closer to steady state production

Aim-listed African Copper, majority owned by JSE-listed ZCI, was moving closer to achieving its intended level of steady state copper production, acting CEO Jordan Soko said on Tuesday. The statement is the result of improved copper production at...

African Copper secures $12,5m loan for Botswana mine

Aim-listed African Copper has secured $12,5-million loan from its controlling shareholder ZCI for its planned investment programme at the Mowana mine, in Botswana. The copper producer on Wednesday reported that proceeds from the loan facility...

African Copper expects Botswana to grant Thakadu licence before year-end

A full mining licence is expected to be issued to Aim-listed base-metals-miner African Copper for its Thakadu deposit, in Botswana, before the end of the year, the company reported on Friday. African Copper, which is majority owned by JSE-listed...

African Copper gets $7,5m loan for Botswana exploration

Botswana-focused miner African Copper has secured a $7,5-million loan from its controlling shareholder ZCI to finance exploration work at its various prospects. “We are pleased with ZCI's commitment to assist [the company] to explore its growth...

Mowana mine’s output improving, reports African Copper

Botswana-focused miner African Copper would continue to make improvements to the plant at its flagship Mowana mine, with the implementation of additional mobile crushers already paying off. The mine had produced 6,4-million tons of copper...

African Copper studies redesign of crushing units at Mowana

Aim-listed African Copper was bringing the mobile crushing units it had recently commissioned at its Mowana mine, in Botswana, up to full capacity, while it investigates a redesign of the mine's existing secondary and tertiary crushing units. "We...

African Copper gets $10m loan from ZCI

Aim-listed copper production and exploration company African Copper received a $10-million loan from its biggest shareholder Zambia Copper Investments (ZCI) on Thursday. ZCI owns 82,6% share in African Copper. The Botswana-focused miner would...

Mowana mine alters strategies to increase production

Base-metals mining and exploration company African Copper is altering to implement a number of strategies that will increase production at its flagship Mowana mine, near Francistown, Botswana.

African Copper posts profit as Botswana mine resumes output

With first revenues from Aim-listed African Copper’s Mowana mine being produced, the company has recorded a £23,1-million net profit for the 2009 financial year, compared with a loss of £102,7-million the year before. CFO Brad Kipp noted in a...