logo-loader
viewArc Minerals Limited

ARC Minerals takes controlling stake of Zamsort Limited

Arc Minerals Ltd's (LON:ARCM) executive chairman Nick von Schirnding tells Proactive Investors they've upped their ownership of Zamsort Limited, following the acquisition of a 6% interest from Terra Metals Limited.

Zamsort is developing the Kalaba copper-cobalt project in north-west Zambia.

The acquisition of the additional 6% stake in Zamsort is on the same commercial terms as Arc’s acquisition of a 35% stake in a deal announced on 15 May 2018.

Quick facts: Arc Minerals Limited

Price: 2.544 GBX

AIM:ARCM
Market: AIM
Market Cap: £18.77 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Arc Minerals Limited named herein, including the promotion by the Company of Arc Minerals Limited in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Glencore mine shutdown could prompt a near-term price hike in Cobalt

Mining Capital's Alastair Ford says the closure of Glencore’s Mutanda mine in the DRC comes in response to the collapse in the cobalt price over the last year or so. ''The price went very high in 2017 and then came back down and now it's at the $15/lb level which is where it started its rise...

on 16/8/19

2 min read