African Eagle Sells Zambian Copper Assets to Elephant Copper

Mining Weekly reported that African Eagle has disposed of its Zambian based copper assets to private miner Elephant Copper.

As quoted in the market report:

The JSE- and Aim-listed group received a consideration of 15-million shares in the new owner, as well as a 2% net smelter return on the Katanga assets.

To view the whole Mining Weekly report, click here.