By Amb. Emmanuel Mwamba
Anglo-America returns to Zambian Mining
Arc Minerals, a junior exploration company focused on exploring for base metals has announced the sale of its copper and cobalt interests in Mwinilunga, to a subsidiary of Anglo, Anglo American PLC.
To this effect, Anglo will take up 70% joint ownership.
Arc Minerals which is listed on the London Stock Exchange, via its Zambian subsidiaries, has a controlling stake over large areas under licence located on the opposite flank of the Kabompo Dome to First Quantum’s Sentinel operations.
Nick von Schirnding is Director and Executive Chairman and has Board Members that include Mr. Valentine Chitalu and Mr. Caleb Mulenga.
Since Arc Minerals is listed on the London Stock Exchange, it is compelled to announce and disclose such changes under the Market Abuse Regulation Disclosure.
