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Rapport semestrields 30/12/2012 (Gemfields)

MessagePosté: Lun 4 Mar 2013 22:56
de Laf1986
The Government of the United Republic of Zambia has elected to transfer its 50% stake in Kariba Minerals Ltd (of
which Gemfields owns the remaining 50%) to the state-owned resources holding company, ZCCM-IH. While the
transfer of these shares remains underway, Gemfields and ZCCM-IH have agreed to recapitalise the Kariba
operations to an initial sum of US$2.5 million (with each party contributing $1.25m). This is the largest single cash
injection that this operation has received and is likely to aid the growth and success of Kariba’s operations.