COPPER
Private equity house EMR Capital has purchased an 80% stake in a Zambian copper mine from African Rainbow Minerals (ARM) and its partner for $97.10-million, ARM said on Tuesday. The 80% indirect interest in Lubambe Mine, held equally by ARM and Vale International includes the equity holding in Lubambe mine as well as loans to the mine, and will be settled in cash contingent on certain conditions being met, ARM said in a statement.
This content is only available to subscribers.
Forgot your password? Click here
Don't have any login details?
Free Trial Access
