Mawson West "Not Affected" by Potential DRC Copper Ban; But Shares Plunge Nearly 9% in Early Trade

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Mawson West Limited (MWE.TO), who shares have fallen 6 cents (8.7%) in early trade, today provided the following statement in response to commentary in the international media on a potential ban on copper concentrate exports from the Democratic Republic of Congo ( DRC ).

"Concentrate produced in the DRC by Mawson West's local subsidiary is governed by the terms of the Dikulushi Mining Convention. The Convention specifically provides that Mawson West's concentrate may be freely exported on international markets. In this regard, the terms of the Convention have been recognised by the DRC Government who in the past have advised in writing that a previous ban on the export of concentrate from the DRC did not apply to Mawson West. The Company does not see any reason why this situation will now change and does not expect to be affected by the new decree. Mawson West will keep the market informed if anything different emerges."



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: DRC

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