Shuka Minerals Plc (LSE:SKA) has confirmed a key milestone in its plan to acquire the Kabwe Zinc Mine in Zambia, along with Leopard Exploration and Mining Limited. The company has successfully secured an increased loan facility from Gathoni Muchai Investments Limited, which will support the completion of the acquisition and kickstart exploration and development activities at the site. The move marks a significant step in Shuka’s strategy to rejuvenate the historically rich Kabwe Mine and broaden its footprint across Africa’s mining sector.
About Shuka Minerals Plc
Shuka Minerals Plc is a growth-focused mining and development company with a strong emphasis on tapping into Africa’s vast mineral potential. The company is actively involved in acquiring and developing high-value mineral assets while promoting sustainable practices and local community engagement. Shuka currently operates a coal mine in Tanzania and is exploring further opportunities in Zambia, South Africa, and other resource-rich regions. It is listed on South Africa’s Alternative Exchange (AltX) and trades on London’s AIM market.
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