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Gold/Mining/Energy : Copper - analysis

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To: Stephen O who wrote (1528)	12/22/2006 11:09:22 AM
From: Stephen O	Read Replies (1) of 2131

African Copper Gets License for Botswana Copper Mine 2006-12-22 04:06 (New York) By Carli Lourens Dec. 22 (Bloomberg) -- African Copper Plc, a U.K. company building a mine in Botswana, said the government of the southern African nation granted it a 25-year mining license for the project. The license for the Dukwe mine is conditional on the company paying Botswana a 3 percent royalty fee from the project, London-based African Copper said today in a Regulatory News Service statement. Production will start in 2008, it added. Shares of the company rose 2 pence, or 3.4 percent, to 60.5 pence at 8:54 a.m. in London, taking their gains for the year to 27 percent. --Editor: Griffiths (jwc).

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