DR Congo: Okapi Resources acquires 70% interest in copper/cobalt licenses
Friday, 26 January 2018 15:17
Okapi resources, listed on ASX, announced it has executed on Jan. 21 an option agreement with Rubamin FZC to acquire 70% interest in Tenke, Luisha and Ntondo mining licences on copper and cobalt in DRC.
According to the agreement’s terms, Okapi should invest in the above-mentioned licenses located in “Katanga Copper” belt. It should also carry out a pre-feasibility study on these three permits known as “Katanga Copper-Cobalt Project”.
In a statement published yesterday, the company (Okapi) pointed out the potential in copper and cobalt of these licenses located close to others known copper/cobalt mines. Amongst these, the Tenke Fungurume Mine, one of the country’s largest deposits, situated 50km to the east.
Louis-Nino Kansoun
Live News
-
World Bank Grants $35 Million to Improve Rural Water Access in Djibouti
19:33
-
African cotton producers meet in Lomé to tackle productivity challenges
18:41
-
Private Initiative Trains Over 1,000 African Youth in AI Skills
18:39
-
Cameroon Suspends Fuel Shipments From Importers Over Payment Disputes
18:18
-
Ghana Plans to Cut Telecom Access for Mobile Money Fraud Offenders
18:16
-
DRC Undergoes ICAO Security Audit at Key Airports as It Seeks to Lift Flight Restrictions
18:11
-
Cemac Seeks to Bring Informal Cross-Border Trade Into Official Data
16:45
-
In Bertoua, a Little-Known French Firm Eyes Entry Into Energy Projects
16:05
-
Côte d’Ivoire Launches EMY 101 AI Chatbot for Public Services
15:54
-
Happy Pay Founder Wesley Billett Promotes Interest-Free Installment Payments
15:46
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
ECOWAS is proposing a regional digital platform for passengers to file and track complaints online...
World Bank announces $137 million to boost West Africa digital economy Program expands broad...
Djibouti receives a $35 million grant to expand rural access to drinking water The project will benefit over 120,000 people and strengthen...
DeAfrica is training 1,068 participants from 45 African countries in AI The program aims to prepare youth for a fast-evolving AI-driven economy The...
Ghana will block telecom access for users linked to mobile money fraud The measure relies on the national ID system used for SIM...
ICAO is auditing aviation security in Kinshasa and Lubumbashi from March 18–30 The review is key to improving compliance and restoring...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...