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African Copper Received USD6.0 Million Loan From ZCI Limited
Jun. 08, 2012 12:56PM PST
Base Metals Investing African Copper (LSE:ACU) has received further loan of USD6.0 million from ZCI Limited.
African Copper (LSE:ACU) has received further loan of USD6.0 million from ZCI Limited.
As quoted in the press release:
The purpose of the new loan is to provide the Company with further working capital for its Mowana Mine facilities, partially to cover the funding gap caused by the failure of the Ball Mill pinion shaft in May 2012.
Click here to read the African Copper (LSE:ACU) press release.
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