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To: LoneClone who wrote (36049)	4/24/2009 4:35:33 PM
From: LoneClone	Read Replies (1) \| Respond to of 196172

Camec says Moz coal resource bigger than 1bn tons miningweekly.com By: Liezel Hill 22nd April 2009 TORONTO (miningweekly.com) – Aim-listed Central African Mining and Exploration Company (Camec) has compiled an initial joint Joint Ore Reserve Comittee compliant resource estimate of 1,03-billion tons of coal for one of its licences in Mozambique. Shares in the firm leapt 19,6% on Wednesday, to 8,47p apiece by 17:30 in London. Camec has identified eleven coal zones partially exposed in surface outcrop, and now confirmed by drilling over a strike distance of 7,5 km. The coal zones extend to a depth of at least 250 m and remain open ended, the firm said. “The publishing of a coal resource in excess of one-billion tons underpins our belief that our licence areas in Mozambique contain world-class coal deposits,” said CEO Andrew Groves. “The next step is to implement a feasibility study to fully assess the production potential of the project and realise its inherent value." The resource estimate was compiled by SRK Consulting which continues to work with the company, and Camec has now contracted international management, engineering and development consultancy the Mott MacDonald Group to conduct a feasibility study on the logistics needed to develop the project and “generate value for Camec's shareholders”. Camec has interests in copper, cobalt, coal, platinum, fluorspar and bauxite assets in Africa. Earlier this month, the company announced that it had resumed copper production at its Luita operation in the Democratic Republic of Congo