Zambezi Book Company

Zambezi Book Company
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Friday, 10 May 2013

Lower Zambezi National Park Mining Company to Appeal

Gill Staden of the Livingstone Weekly (28 April 2013) reports that Zambezi Resources are set to appeal against the decision by Zambia's Envrionment Agency to throw out their plans to mine within the Lower Zambezi National Park (see our previous post here).

Quoting from Mining Weekly they report:

'Zambezi Resources is looking to raise up to A$15.4-million [Australian Dollars] through an entitlement issue to complete the oxide bankable feasibility study (BFS) for its Kangaluwi copper project, in Zambia... Zambezi executive chairperson David Vilensky said that the raising would enable the company to eliminate debt and simplify its funding framework as it sought to secure the environmental-impact statement (EIS) for its Kangaluwi copper project... Vilensky said that he was confident that the company had addressed all concerns in relation to the EIS, and had been advised of Presidential and government support for the project to move ahead. "We look forward to receipt of the required EIS approval and... are focused on what needs to be done to get this company into production" he added.'

See the Livingstone Weekly blog here

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