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Arc Minerals Ltd - copper exploration company focused on mines in Africa - Receives approval for licence renewals in Zambia for two subsidiaries under Handa Resources Ltd. Handa is a joint venture with a subsidiary of iron ore producer Anglo American PLC. Zaco Investments Ltd obtains approval for large scale exploration licence 23005-HQ-LEL and Afrimin Resources Ltd has approval to renew licence 28700-HQ-LEL. Arc notes the renewals are subject to payment of area charges, which is currently in progress.
Current stock price: 1.05 pence, up 5.0% in London on Wednesday afternoon
12-month change: down 39%
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