ARC has announced it has signed a JV agreement with Anglo American (LSE:AAL, Market Cap $45bn) over its Zambian licences. This has long been in the offing and we view the terms as advantageous to Arc and a validation of the prospectivity that it (and we) see in its licences. The headline JV payments are staged but could ultimately lead to Anglo owning 70% of the licences, by investing $74m in exploration and paying Arc $14.5m. The licences will be held under a JV which will have an initial ow ....
12 May 2022
WH Ireland: ARC Minerals (ARCM) - Signing a significant JV agreement with Anglo American
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WH Ireland: ARC Minerals (ARCM) - Signing a significant JV agreement with Anglo American
ARC Minerals Limited (ARCM:LON) | 1.7 0 0.0% | Mkt Cap: 24.6m
- Published:
12 May 2022 -
Author:
Paul Smith | David Seers -
Pages:
5
ARC has announced it has signed a JV agreement with Anglo American (LSE:AAL, Market Cap $45bn) over its Zambian licences. This has long been in the offing and we view the terms as advantageous to Arc and a validation of the prospectivity that it (and we) see in its licences. The headline JV payments are staged but could ultimately lead to Anglo owning 70% of the licences, by investing $74m in exploration and paying Arc $14.5m. The licences will be held under a JV which will have an initial ow ....