todays news release
News Release
FOR IMMEDIATE RELEASE TSX, ASX: AVM
June 16, 2005 Common shares outstanding: 29 million
PERTH – Anvil Mining Limited (TSX, ASX: AVM) has been advised that a company operating
in the Congo Copperbelt, Chemaf sprl has initiated proceedings in the Tribunal de Grande Instance
de Lubumbashi (Court) against Société Minière Kolwezi sprl (SMK), Emiko sprl and Anvil Mining
Congo SARL. The proceedings allege that Chemaf sprl had acquired 55% of the shares in SMK
pursuant to a sales contract entered into in 2003 with Emiko.
In December 2004, Anvil Mining Limited purchased an 87.5% interest in Emiko which in turn
owns an 80% interest in SMK, with Gécamines holding the remaining 20%. This is referred to as
the Mutoshi Joint Venture. The purchase of these interests was concluded during the second half of
2004 with all the necessary approvals being obtained from Gécamines, SMK, Emiko and the
Minister of Mines.
Anvil believes that the claim is without foundation and it will be defended vigourously. The matter
is expected to be concluded in the Lubumbashi Court within a short period of time, following
written submissions from all parties mentioned in the action. Gécamines has also been requested to
make a submission to the Court.
For additional information, please contact:
Bill Turner
President & CEO
Tel: +61-8-9481 4700 or Mobile: +61-41-1188018
Email: [email protected] (Perth) Company Web site: www.anvil.com.au
Craig Munro
Vice President Corporate & Finance
Tel: +61-8-9481 4700 or Mobile: +61-41-7963206
Email: [email protected] (Perth
Additional Notes:
Caution Regarding Forward Looking Statements: Statements regarding the Company’s plans with respect to future mining
activities in the DRC and
to the expansion of the Dikulushi operation are forward-looking statements. There can be no assurance that Anvil’s
future plans will materialize or
that future required regulatory approvals will be obtained. There can be no assurance as to the exact result of the
recent expansion of the Dikulushi
operation.
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4.7¢ |
Change
0.001(2.17%) |
Mkt cap ! $12.45M |
Open | High | Low | Value | Volume |
4.7¢ | 4.8¢ | 4.7¢ | $72.12K | 1.532M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 505414 | 4.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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4.8¢ | 130000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 150000 | 0.048 |
3 | 605414 | 0.047 |
1 | 500000 | 0.046 |
2 | 507755 | 0.045 |
2 | 750000 | 0.044 |
Price($) | Vol. | No. |
---|---|---|
0.047 | 531914 | 1 |
0.048 | 150000 | 1 |
0.049 | 510234 | 2 |
0.050 | 655000 | 3 |
0.051 | 141540 | 2 |
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