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Share Name | Share Symbol | Market | Type |
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7.5% Sparqs Linked TO Coach Inc. | AMEX:CFM | AMEX | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.00 | - |
RNS Number:6402K Central African Mining&Exploration 06 May 2003 CENTRAL AFRICAN MINING & EXPLORATION COMPANY PLC CAMEC SIGNS CONTRACTS TO SUPPLY TANTALUM TO THE FAR EAST AND COPPER CONCENTRATE TO ZAMBIA Central African Mining & Exploration Company Plc ("CAMEC" or "the Company"), the AIM listed mining and exploration company has signed a long-term contract with Pacific Ores Metals & Chemicals to supply them with tantalite until December 2006. CAMEC will supply Hong Kong based Pacific Ores, a leading supplier of tantalum to the aerospace and electronics industry, with up to five tonnes of tantalite per month at an initial price of $23 per pound (TA2O5) contained. The price is reviewed quarterly. The contract marks the first long term export agreement to be signed by CAMEC, who have already exported over 10 tonnes of tantalite in the financial year ending March 31st 2003. The Company, which has an operating mine in Namibia and significant tantalum interests in Zimbabwe, has also recently established Mozambique Mineral Exploration Limitada in Mozambique. Through this it is effecting an exploration program in conjunction with a buying operation in the tantalum rich Zambesia Province in the north of the country. This will further enhance CAMEC's position as a leading supplier of low cost African tantalum and related products. Phil Edmonds, Chairman of CAMEC said: "This is another step forward in building CAMEC into the leading African producer of low cost tantalum and related products. We raised money, established a mining and production facility and are now exporting significant amounts to a leading global player in tantalum-based products. "We are building a reputation in Southern Africa as a company that can achieve what it set out to do. As a result new projects are continually opening up, which is highlighted by our expansion of activities into Mozambique. We continue in our strategy of pursing value added projects, which will both secure us a leading presence in the global tantalum market and enhance shareholder value." In addition to the above, the Company is pursuing its activities in the Democratic Republic of the Congo (D.R.C.). On January 30th the Company announced that it signed Heads of Agreement to enter into a joint venture with "Exploitations Artisanales au Congo" ("EXACO") to produce and market cobalt carbonate and copper concentrate from the EXACO Plant in Lubumbashi, D.R.C. Following extensive due diligence, CAMEC has decided not to pursue this agreement. However, the company has entered into a contract with Zambian based Mopani Copper Mines Plc to supply copper concentrate from the D.R.C. CAMEC is presently supplying 1,500 tons per month of copper concentrate with the intention of raising this to 3,000 tonnes per month. E N D S Issued on behalf of Central African Mining & Exploration Company Plc by St Brides Media & Finance Ltd Contacts: Phil Edmonds CAMEC Tel: 07785 242 381 Hugo de Salis St Brides Media & Finance Tel: 020 7242 4477 This information is provided by RNS The company news service from the London Stock Exchange END CNTUAOVRONRVRAR
1 Year 7.5% Sparqs Linked TO Coach Inc. Chart |
1 Month 7.5% Sparqs Linked TO Coach Inc. Chart |
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