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Article: Jockeying for position on the Copperbelt.
- Article from:
- Investors Chronicle - magazine and web content
- Article date:
- July 6, 2007
CopyrightCOPYRIGHT 2007 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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With increasing stability in the Democratic Republic of Congo, and copper prices riding high, there's plenty of jockeying for position on the Congolese side of the Copperbelt, one of the richest copper regions in the world. Alastair Ford
At the moment, all eyes are on Aim-traded Central African Mining and Exploration (CAMEC), the African congolomerate controlled by Phil Edmonds and associates Andrew Groves and Billy Rautenbach. CAMEC has lately built a 22 per cent stake in Canadian-listed Katanga Mining, which plans to ramp up full production from its Kamoto copper and cobalt mine in the Congo later this year.
Art Ditto, Katanga's chief, regards CAMEC's ...