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Geovic Could Reduce Stake in Cameroon Cobalt Project
May. 03, 2011 06:25AM PST
Battery Metals InvestingMining Weekly reported that Geovic (OTC:GVCME) may reduce its equity in a Cameroon-based cobalt project to fund the mine.
Mining Weekly reported that Geovic (OTC:GVCME) may reduce its equity in a Cameroon-based cobalt project to fund the mine.
The editorial is quoted as saying:
Geovic owns 60,5% of the Nkamouna project and the rest is held by the National Investment Corporation of Cameroon (NICC) and local investors. The firm published an updated feasibility study for the project in April, and will aim to arrange financing later this year.
