African Eagle to spin out Zambian copper assets into Cobra copper
JOHANNESBURG − Aim- and JSE-listed African Eagle Resources will spin out its Zambian copper assets into a new company, Cobra Copper, as part of its strategy to spin out its noncore legacy projects to focus on the Dutwa nickel project in Tanzania.
Zambia, Africa's top copper producer, faces an uncertain long-term mining outlook despite a resurgence in copper prices and governm...