Africo Resources

Published : December 11th, 2008

Wins Mines and Money Award

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Keywords :   Cobalt |

Africo Resources Wins Mines and Money Award

     VANCOUVER, Dec. 11 /CNW/ - At London's Mines and Money Awards Dinner on
December 3rd, Africo Resources Ltd. was recognized for its outstanding and
innovative community service in the Katanga Copperbelt, where the company's
major project is located. Ms. Sauda Kilumanga, Community Relations manager,
accepted the award for Africo's Wheelchairs for Kids program.
     Physical disability in a developing country with scant economic resources
places a terrible burden on both its victims and their families. Africo's
Wheelchairs for Kids distribution now covers much of southern Democratic
Republic of the Congo, with 328 wheelchairs distributed this year. The
wheelchairs are donated by the Australian-based volunteer project Wheelchairs
for Kids inc., which makes specially designed, rugged wheelchairs for
distribution to poor disabled children in over 50 developing countries. Since
acquiring the Kalukundi concession, a copper/cobalt joint venture with
state-owned Gecamines (25%) in 2004, Africo's OHS and Community Relations
departments have developed a close, dynamic relationship with area
communities. Together they have brought potable water to the closest village;
provided malaria nets, inoculation and de-worming programs for local employees
and villagers; built and subsidized a school that has grown from 74 to 420
students and 8 teachers; established a producing market garden, and more.
     During the Gala Dinner, Ms. Kilumanga and CEO Tony Harwood agreed that
Wheelchairs for Kids has given Africo some of its most satisfying moments. At
the dedication in Kinshasa this September, representatives of the Mayor and
the Ministry of Humanitarian Affairs expressed their intention to partner with
Africo in future social upliftment projects. A Memo of Understanding was
signed with the Ministry of Social Affairs in Kinshasa in October 2007, the
first such partnership with a mining company in the Katanga Province.

     Africo Resources Ltd. (TSX:ARL) explores for and develops base metal and
gold assets in Africa. Current projects are Kalukundi, a greenfields
development-stage copper-cobalt deposit in the DRC, and Mporokoso, located in
northern Zambia, also greenfields and prospective for gold, copper and nickel.
Africo is Vancouver-based, with an office in Lubumbashi, DRC.

     %SEDAR: 00024685E
For further information: please visit africoresources.com or call Diana
Snyder, Investor Relations, (305) 669-6873

.
Data and Statistics for these countries : Zambia | All
Gold and Silver Prices for these countries : Zambia | All

Africo Resources

EXPLORATION STAGE
CODE : ARL.TO
ISIN : CA0082911060
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Africo Res. is a copper and cobalt exploration company based in Canada.

Africo Res. holds various exploration projects in Congo Rep. of the.

Its main exploration properties are MPOROKOSO in Zambia and KALUKUNDI in Congo Rep. of the.

Africo Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 74.9 millions as of today (US$ 57.0 millions, € 51.4 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 4.75, and its lowest recent point on July 31, 2015 at CA$ 0.30.

Africo Res. has 71 313 127 shares outstanding.

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Annual reports of Africo Resources
2008 Annual Report
2007 Annual report
Financings of Africo Resources
7/25/2008completes CAD$100 million private placement with Camrose Res...
6/13/2008shareholders approve $100M private placement and associated ...
4/23/2008Announces CAD$100 million private placement to develop the K...
Nominations of Africo Resources
7/5/2011Changes to Africo's Board of Directors
12/30/2009Interim CFO and CEO Appointments
Project news of Africo Resources
6/23/2011(Kalukundi)Re-Commences Core Drilling Program on its Kalukundi Copper a...
8/4/2009(Kalukundi) intersects highest grade intersections to date at Kalukundi...
2/7/2008reports positive exploration results at Kalukundi
Corporate news of Africo Resources
5/13/2016Africo Resources Ltd. Enters into Definitive Agreement with ...
8/20/2015Africo Appoints Special Committee
6/27/2015Africo Resources reports results from Annual Meeting
6/26/2015Africo Resources Reports Results from Annual Meeting
10/16/2014Africo Resources Appoints a New Director
5/23/2013(Kalukundi)Resource Assessment NI 43-101 Technical Report Completed on ...
5/23/2013(Kalukundi)Resource Assessment NI 43-101 Technical Report Completed on ...
4/10/2013Revised Resource Assessment Delineates Sigificantly Improved...
9/28/2012(Kalukundi)Additional Drilling Results at Africo's Kalukundi Copper-Cob...
6/13/2011Retains MDM Engineering to Update Feasibility Study on a 1.2...
11/5/2009repurchases shares
3/9/2009Signs MOU for Power with SNEL in DRC
2/4/2009Reaches Agreement with G\351camines and the...
12/11/2008Wins Mines and Money Award
6/12/2008receives unsolicited conditional proposal from Creat Group C...
5/5/2008Reschedules Annual General Meeting until June 12, 2008
3/31/2008Update regarding DRC legal issues
2/20/2008 Update regarding the DRC mining review
11/28/2007Completes C$4.0 million equity financing with IFC
11/16/2007 Announces C$4.0 million IFC Private Equity Placement
10/25/2007Governor of Katanga supports Africo in Legal Issue
10/15/2007Africo Resources signs MOU with DRC Ministry of Social Affai...
9/6/2007Letter to shareholders
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