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Katanga Mining Says Gécamines Commenced Legal Proceedings In Congo To Dissolve Kamoto Copper Company

Monday, 23 Apr 2018

April 22 (Reuters) - Katanga Mining Ltd ::KATANGA MINING PROVIDES UPDATE ON KCC RECAPITALIZATION PROCESS AND NOTES COMMENCEMENT OF DRC LEGAL PROCEEDINGS BY GÉCAMINES.WAS NOTIFIED THAT JOINT VENTURE PARTNER GÉCAMINES COMMENCED LEGAL PROCEEDINGS IN CONGO TO DISSOLVE KAMOTO COPPER COMPANY.LEGAL PROCEEDINGS IN CONGO COMMENCED FOLLOWING KAMOTO'S FAILURE TO ADDRESS PREVIOUSLY DISCLOSED CAPITAL DEFICIENCY.COURT MAY GRANT KAMOTO UPTO 6 MONTHS TO REGULARIZE SITUATION; CO HAS SEVERAL OPTIONS TO REMEDY CAPITAL EFICIENCY, AVOID DISSOLUTION.WILL CONTINUE ATTEMPTING TO ENGAGE IN DISCUSSIONS WITH GÉCAMINES, TAKE NECESSARY STEPS TO ENSURE CONTINUATION OF OPERATIONS OF KAMOTO.ASSESSING OPTIONS TO CONVERT PORTION OF EXISTING INTERCOMPANY DEBT OWED BY KAMOTO TO CO INTO EQUITY OR FORGIVING PORTION OF SUCH DEBT.KAMOTO CASH FLOWS EXPECTED TO BE SUFFICIENT TO REPAY OUTSTANDING SHAREHOLDERS DEBT, TO FUND DISTRIBUTIONS, INCLUDING GÉCAMINES.

Asian Mineral Resources Update On Strategic Review For Ban Phuc Nickel Mine In Vietnam

Monday, 16 Apr 2018

April 16 (Reuters) - Asian Mineral Resources Ltd ::ASIAN MINERAL RESOURCES UPDATE ON STRATEGIC REVIEW FOR BAN PHUC NICKEL MINE IN VIETNAM AND ANNOUNCEMENT OF FINANCING AGREEMENT.ASIAN MINERAL RESOURCES - STRATEGIC DISCUSSIONS WITH BAN PHUC NICKEL MINE HAVE NOT BEEN SUCCESSFUL TO DATE & MAY NOT BE SUCCESSFUL GOING FORWARD.

Yunnan Copper says mining development and environmental protection unit to be dissolved

Thursday, 12 Apr 2018

April 12 (Reuters) - Yunnan Copper Co Ltd <000878.SZ>:Says Yunnan-based mining development and environmental protection unit will be dissolved .

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