#ARCM is pleased to announce that it has entered into an agreement with a subsidiary of Anglo American plc
AA will have the right to retain a 70% ownership in the JV for an aggregate investment by AA of up to USD 88,500,000, including cash consideration of up to USD 14,500,000
Arc Minerals
701 posts
AIM listed exploration company focused on discovering and developing Tier 1 copper deposits in Africa. ARCM.LN
00:00- #ARCM "Many of you asked what will the deal look like obviously I am not going to be drawn into any such detail but suffice to say is that any deal that we do will have to generate significant value from where we sit today" Listen to the full update here: tinyurl.com/2pmddnaz
00:00 - #ARCM is pleased to announce the unconditional completion of its JV Agreement with a subsidiary of Anglo American following satisfaction of the remaining conditions precedent as previously announced on 27 Oct 2023, including the cash payment of $3.5m due to Unico Minerals
- #ARCM "We are looking at a project that effectively generates about 45 to 50 million dollars of revenues per year which is a pretty big number relative to the size of the company..." Full interview here: tinyurl.com/2pmddnaz
00:00 - #ARCM Chairman, Nick von Schirnding, met Zambian Minister of Mines, Hon Paul Kabuswe, in Lusaka yesterday, the first of a series of meetings with government officials.
- #ARCM IP survey in Botswana complete! 🇧🇼 Photos of our team filling the holes. Stay tuned for results soon. #geophysics #exploration #mining #Botswana #copper
00:00- #ARCM Executive Chairman Nick von Schirnding spoke to Arc shareholders recently describing the recent exclusivity arrangement with major mining group Anglo American as a potential "game-changer for Arc" and that he believes Arc to be "on a slipway to something... very, very big"
00:00 - Exciting progress at our Botswana project! Our RC drilling setup with drill, rod, and compressor trucks all in place and drilling away. We're ready to uncover the potential beneath the surface. #ARCM #Exploration #Botswana #copper












