Botswana: Zambia Copper Seeks Stake in African Copper

Barely a week after the new shareholders of troubled African Copper announced that they would inject new capital into the company, a bargain hunter, Zambia Copper Investments (ZCI), has made a counter offer to creditors and shareholders of the BSE -listed company.

In a coup de'tat kind of offer, Zambia copper announced on Thursday a binding offer to African copper of a comprehensive US$22.5 million consisting of equity and debt financing.

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