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Rothschild advisor on mineral project Original Source Link: (May no longer be active)
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America Mineral Fields - Rothschild appointed financial adviser on Kolwezi project
LONDON, UK, April 13 /PRNewswire-FirstCall/ - America Mineral Fields Inc
(TSX: AMZ, AIM: AMF) ("AMF"), announced that it has appointed Rothschild as
the financial adviser on the Kolwezi cobalt/copper tailings deposit in the
Democratic Republic of Congo ("DRC"). Rothschild is one of the world's leading
advisers and arrangers of finance for the mining industry. Supported by
specialist sector teams, it has particular experience working in central
Africa and will be invaluable in terms of assisting AMF in structuring the
financing of the Kolwezi project and all contractual negotiations.
Tim Read, President & CEO, commented, "We are delighted to announce the
appointment of an adviser of the calibre of Rothschild. Now that we have all
our permits in place, we are looking forward to rapidly advancing the Kolwezi
project and Rothschild will facilitate this process."
About the Kolwezi Project
-------------------------
AMF's Kolwezi Project consists of two dams containing 112.8 million
tonnes of oxide tailings, grading 1.49% copper and 0.32% cobalt, as determined
by Dr. Isobel Clark of Geostokos Limited. This resource has the potential to
host one of the world's largest and lowest cost cobalt producers. At a
conceptual annual output of 42,000 tonnes of copper and 7,000 tonnes of
cobalt, the Kolwezi project would have an operating life of 38 years. Such a
project would generate significant tax and foreign exchange earnings, as well
as providing local employment and contributing to the revival of the DRC's
copper belt infrastructure.
About America Mineral Fields
----------------------------
America Mineral Fields is an international mining company listed on the
Toronto Stock Exchange under the symbol "AMZ" and on the Alternative
Investment Market of the London Stock Exchange under the symbol "AMF". AMF is
currently developing several mineral assets in Central Africa, including the
Kolwezi project and the Kipushi zinc mine in the DRC, and the Cuango River
diamond project in Angola. AMF's growth strategy emphasizes the creation of
shareholder value through the development of world-class resources in stable
or stabilizing political environments.
Contact Us
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London:
Tim Read - Chief Executive Officer
Telephone: +44-20-7355-3552
Facsimile: +44-20-7355-3554
E-mail: London@am-min.com
Justine Howarth, Cathy Malins
Parkgreen Communications
Telephone: +44-20-7493-3713
Facsimile: +44-20-7491-3936
justine.howarth@parkgreenmedia.com
North America:
Martti Kangas - The Equicom Group
Telephone: (416) 815-0700 x. 243
1-800-385-5451 (toll free)
Facsimile: (416) 815-0080
E-mail: mkangas@equicomgroup.com
This News Release contains forward-looking statements within the meaning
of the United States Private Securities Litigation Reform Act of 1995
concerning AMF's plans for its principal properties in the Democratic Republic
of Congo ("DRC"), and the discussion of the political situation and potential
international investment in the DRC. These forward-looking statements are
subject to a variety of risks and uncertainties which could cause actual
events or results to differ materially from those reflected in the
forward-looking statements, including, without limitation, risks and
uncertainties relating to political risks involving AMF's operations in the
DRC and the policies of other nations and organizations towards companies
doing business in such jurisdictions, the inherent uncertainty of production
and cost estimates and the potential for unexpected costs and expenses,
commodity price fluctuations, the inability or failure to obtain adequate
financing on a timely basis and other risks and uncertainties, including those
described in AMF's Annual Report on Form 20-F for the year ended October 31,
2002 and Reports on Form 6-K filed with the Securities and Exchange
Commission.
SOURCE America Mineral Fields Inc.
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