Sula becomes African Battery Metals and want to focus on its cobalt assets in DRC
Tuesday, 23 January 2018 09:20
Sula Iron & Gold, active in Sierra Leone and DRC, changed name to African Battery Metals (ABM). The company, which started trading its shares under the new name last Wednesday, wants to focus on developing its cobalt exploration licenses (Kisinka and Sakania) in DRC.
According to Roger Murphy, its CEO, this new name “better reflects” the company's new focus and strategy to produce cobalt and others battery metals for the electric vehicle market (report of Mining Weekly). However, the company will continue to operate its Ferensola gold project due to its high gold assets in Sierra Leone.
African Battery Metals is listed on the Alternative Investment Market, London stock exchange.
Louis-Nino Kansoun
Live News
-
Mali Shuts Schools Amid Fuel Crisis and Security Threats
20:01
-
Togo Inflation Dips to 0.8% in September, Easing Price Concerns
19:55
-
UN Warns Methane Cuts Remain Overlooked in Climate Fight
19:19
-
Africa Loses Nearly 30 Million Hectares of Forest in a Decade, FAO Says
19:10
-
Ivorian Sébastien Kouassi launches EmploiRapide.Net to tackle youth unemployment
15:45
-
Chad names Zara Ahmed Sedick to head newly created AI Directorate
15:17
-
São Tomé and Príncipe, FAO launch platform to digitize agriculture
14:57
-
AFD opens green funding for Togo’s cocoa cooperatives
14:15
-
Togo inflation slows to 0.8% in September as food prices decline
13:57
-
Paul Biya declared winner of the presidential election with 53.7% of votes cast
13:34
Drones to aid soil health, pest control, and input efficiency High costs, skills gap challenge ac...
TotalEnergies, Perenco, and Assala Energy account for over 80% of Gabon’s oil production, estimate...
IMF cuts WAEMU 2025 growth forecast to 5.9% Strong demand, services, and construction support...
Diaspora sent $990M to CEMAC via mobile money in 2023 Europe led transfers; Cameroon dominat...
BYD to install 200-300 EV chargers in South Africa by 2026 Fast-charging stations powered by grid...
Inflation declined to 0.8% in September from 1.1% in August. The rate remains below the 3% WAEMU convergence threshold for nine straight...
Afreximbank’s new president calls for an African digital currency to ease cross-border payments. The plan would build on PAPSS and the Pan-African...
Cameroon's Constitutional Council declared Paul Biya the winner of the presidential election, securing 53.66 percent of the vote amid a tense political...
Sub-Saharan Africa youth jobless rate lower than EU’s in 2025 ILO: 71.7% of African youth in precarious employment EU faces higher jobless...
The Eyo Festival, also known as the Adamu Orisha Play, stands among the most iconic cultural events in Lagos, Nigeria. This traditional Yoruba procession,...
Asmara, the capital of Eritrea, is often described as Africa’s modern city for its remarkable architectural heritage and forward-thinking urban design....