Mine & Quarry Data

AFRICO INCREASES INTEREST IN KALUKUNDI PROPERTY

News Articles
Article Details
Owners & Operators
Operations
  • Kalukundi
    Cobalt, Copper
    Congo, The Democratic Republic of the

Africo Resources Ltd. has now acquired the shares of The Enterprise H&J Swanepoel Famille Trust sprl (also known as H&J Swanepoel Family Trust sprl) ("H&J") that it did not previously own, through its wholly owned subsidiaries Africo Resources (BC) Ltd. (which holds 48% of the shares of H&J) and Kisankala Mining Corp. (which holds 52% of the shares of H&J). H&J is the holder of 75% of the shares of Swanmines sprl, which is the holder of the exploitation permit for the Kalukundi Property. As a result of this transaction, Africo Resources holds a 75% interest in the Kalukundi Property.

Africo Resources is an exploration company, which is focusing on the further exploration, development and mining of the high grade copper cobalt Kalukundi Project which is located in the Democratic Republic of the Congo.