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African Metals Set to Open Luisha South Mine after Buying Concentrate Plant

African Metals Corp (AFR.V) is unchanged at 18 cents a share after saying it will soon begin mining and processing at its Luisha South Project in the Katanga province of the Democratic Republic of the Congo after buying a Dense Media Separation plant as well as a spiral bank and other ancillary plant equipment for US$3 million.

The company also secured a US$3.7 million loan agreement along with a 4-year off-take agreement with Traxys Europe SA, which will purchase copper oxide and sulphide concentrates from Luisha South at "competitive" London Metal Exchange market prices.

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

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