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America Mineral Fields finalises key Kolwezi agreement with Gecamines and DRC Government.

Publication: PR Newswire
Publication Date: 17-NOV-03 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
America Mineral Fields Inc (TSX: AMZ, AIM: AMF) ("AMF"), today announced that its 100% owned subsidiary, Congo Mineral Developments Limited ("CMD") had finalised with both the Government of the Democratic Republic of Congo ("GDRC") and La Generale des Carrieres et des Mines ("Gecamines"), the state-owned mining company, the Contract of Association governing the Kolwezi cobalt/copper tailings project. The Contract of Association is the master shareholder agreement that will govern the ownership and management of Kingamyambo Musonoi Tailings SARL ("KMT"), the company that will own the mining title to the tailings and develop the project.

The conclusion of this agreement follows a 10-month period of negotiations and formalises the Heads of Agreement entered into by AMF and Gecamines on 27th June 2003.

The initialling of this agreement by the three parties follows the approval of the Kolwezi project by the...

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