Arc Minerals receives approval for Zambia licence renewals

Published 23/07/2025, 09:14
Arc Minerals receives approval for Zambia licence renewals

LONDON - Arc Minerals Ltd (LSE:ARCM) announced on Tuesday that it has received approval for the renewal of two large-scale exploration licences in Zambia, according to a company press release.

The renewed licences include Large Scale Exploration Licence 23005-HQ-LEL held by Zaco Investments Limited and Large Scale Exploration Licence 28700-HQ-LEL held by Afrimin Resources Limited. Both companies are subsidiaries of Handa Resources Limited, which is a joint venture with a subsidiary of Anglo American (JO:AGLJ).

The company stated that the licence renewals are subject to payment of statutory area charges, which is currently in progress.

Arc Minerals describes itself as an exploration company focused on developing Tier 1 copper deposits. The company’s operations in Zambia are part of its ongoing exploration activities in the region.

The announcement was classified as inside information under the Market Abuse Regulations as in force in the United Kingdom (TADAWUL:4280).

No additional details were provided regarding exploration plans or timelines for the renewed licences.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.