African Eagle to Spin Out Zambian Copper Assets into Cobra Copper

Mining Weekly reports that African Eagle (LON:AFE,PINK:AFERF) will spin out its copper assets into Cobra Copper, to focus on the Dutwa nickel project.

The market news is quoted as saying,

African Eagle is developing former openpit and underground mines at Mkhushi in a joint venture with CGA Mining and also owns two base metal exploration projects in the Zambian Copperbelt.

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