African Copper PLC Appointment of New Mining Contractor
05 Marzo 2014 - 8:00AM
UK Regulatory
TIDMACU
Appointment of New Mining Contractor
FOR: AFRICAN COPPER PLC
AIM SYMBOL: ACU
March 5, 2014
African Copper Plc: Appointment of New Mining Contractor
LONDON, UNITED KINGDOM--(Marketwired - March 5, 2014) - African Copper Plc ("African Copper" or the "Company")
(AIM:ACU)(BOTSWANA:AFRICAN COPPER), the AIM and Botswana-listed copper production and exploration company, is
pleased to announce that its subsidiary Messina Copper Botswana (Pty) Ltd has awarded a new long-term contract
to provide hard-rock open cast mining services to Diesel Power Mining (Pty) Ltd ("Diesel Power") a subsidiary
of JSE listed Buildmax Limited ("Buildmax") in respect of two of African Copper's existing open pit copper
mining operations ("the Contract").
The Contract commenced during February 2014 with a duration of 52 months, of which the first four months will
be served at the Thakadu Mine and thereafter the remaining 48 months will be served at the Mowana Mine, located
approximately 130 kilometres north-west of Francistown.
The Contract is denominated in Botswana Pula ("BWP") and is valued at approximately BWP1 billion (c.US$112.7m)
over the contract period. The scope of the Contract is conventional open pit mining and drilling, using plant
valued at BWP160 million (c.US$18.0 million), of which the majority will be sourced from the existing plant
fleet of Buildmax.
Under the terms of the Contract, Diesel Power will deploy a highly qualified management team with extensive
experience in Africa, and Buildmax will establish permanent support structures at the Mowana Mine in Botswana.
For further information please visit www.africancopper.com.
Notes to Editors:
African Copper is an AIM and Botswana-listed copper producer and exploration company, currently focused on
Botswana. The Company's flagship project is the copper producing open pit Mowana Mine. African Copper also owns
the rights to the adjacent Thakadu-Makala deposit. Both deposits are situated on the highly prospective
Matsitama belt, located close to Botswana's second largest city, Francistown, in the north-eastern part of the
country.
This announcement contains forward-looking information. All statements, other than statements of historical
fact, that address activities, events or developments that the Company believes, expects or anticipates will or
may occur in the future including, without limitation, statements regarding the supply of sulphide ore from
Thakadu and increasing throughput to raise production levels further towards the plant's capacity s are forward-
looking information. This forward-looking information reflects the current expectations or beliefs of the
Company based on information currently available to the Company. Forward-looking information is subject to a
number of risks and uncertainties that may cause the actual results of the Company to differ materially from
those discussed in the forward-looking information, and even if such actual results are realized or
substantially realized, there can be no assurance that they will have the expected consequences to, or effects
on the Company. Factors that could cause actual results or events to differ materially from current
expectations include, among other things, risks related to failure to convert estimated mineral resources to
reserves, conclusions of economic evaluations, changes in project parameters as plans continue to be refined,
the possibility that actual circumstances will differ from the estimates and assumptions used in the current
Thakadu mining plan, future prices of copper, unexpected increases in capital or operating costs, possible
variations in mineral resources, grade or recovery rates, failure of equipment or processes to operate as
anticipated, accidents, labour disputes and other risks of the mining industry and political risks arising from
operating in Africa and changes in regulations affecting the Company. All forward-looking information speaks
only as of the date hereof and, except as may be required by applicable securities laws, the Company disclaims
any intent or obligation to update any forward-looking information, whether as a result of new information,
future events or results or otherwise. Although the Company believes that its expectations reflected in the
forward-looking information, as well as the assumptions inherent therein, are reasonable, forward-looking
information is not a guarantee of future performance and, accordingly, undue reliance should not be put on such
information due to the inherent uncertainty therein.
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
African Copper Plc
Brad Kipp
Chief Financial Officer
+1 (416) 847 4866
bradk@africancopper.com
www.africancopper.com
OR
Canaccord Genuity Limited (NOMAD and Broker)
Neil Elliot/Tarica Mpinga
+44 (0) 20 7523 8000
OR
Tavistock Communications (PR and IR)
Simon Hudson/Nuala Gallagher
+44 (0) 20 7920 3150
African Copper PLC
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