Cradle Arc's London listing to fund Botswana copper

Copper producer Cradle Arc embarked on a new London listing on Wednesday to fund production in Botswana, considered by miners as a safe African jurisdiction seeking to diversify its economy from its reliance on diamonds. Formerly known as Alecto Minerals, which ceased trading last July, Cradle Arc was renamed and relaunched on London's AIM market for small companies with a placing price of 10 pence per ordinary share.