macquarie to launch pumpi in tsx ipo

TGS withdrew from PR1961 Pumpi to focus on Kipoi and Sase

Toronto based newco called CuCo Resources Ltd now has hold of nearly all permits of local exploration company Aurum Sprl.

Their main asset is PE661 Kisanfu 2.5Mt at 2.87% Cu.
Ownership can be compared with Kipoi: existing deposit, 30% Gecamines
Best part: they already commissoned a cobalt plant last September
H1-2011 a 19,000tpa Cu DMS plant will be up and running
Q3-2011 a second 19,000tpa DMS plant will be added

Pumpi (100%) is called their second significant set of permits with 1961, 1962, 2512 & 2513
In Sakania 2133, 2508 adjacent to Tiger Resources permits

Macquarie and 9 other provided US$75M up till now, last PP in February $45M. Listing most probably on TSX H2-2011

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Yes, but what about security in Katanga?
On Wednesday got following response out of Lubumbashi - provincial capital:
One shouldn't be worried, as for the local airport shoot-out, we still use the airport parking lot at night. And as for the attack on the presidential palace; one of our NGO connections has visited people arrested, half of these have no idea at all what they are arrested for. It all fits in preemptive pre-elections African style repression...