Sydney - Wednesday - Jan 10: (RWE Australian Business News) -
Anvil Mining Ltd (ASX: AVM) has entered into an agreement to acquire an
additional 15% interest in the mining rights for the Kinsevere-Nambulwa
copper-cobalt deposits located 27km north of Lubumbashi, the provincial
capital of the Katanga Province of the Democratic Republic of the Congo.
The additional interest will be acquired from Mining Company
Katanga, a private DRC company that is Anvil's joint venture partner in
the Kinsevere-Nambulwa project.
Anvil's interest in the Kinsevere-Nambulwa Joint Venture will
increase from 80% to 95% on closing of this transaction.
Under the terms of the agreement, Anvil will pay a total of $45
million in cash and common shares for this additional 15% interest in
the project, taking its interest in the joint venture to 95%.
Add to My Watchlist
What is My Watchlist?
