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Ortac CEO Carellas says Zambia deal is opportunistic and fortuitous

Ortac (LON:OTC) CEO Vassilios Carellas tells Proactiveinvestors  why he has invested in a small-scale mining project in Zambia with the potential to grow. "We were fortunate enough to be in the right place at the right time" he said, adding that he expects to have a clearer vision of the scope and earnings potential of the project in the next two or three months.  

Carellas also talks about progress at other projects including in Eritrea where they have completed the drilling programme and shipped off samples for test work, and says they are still working away in Slovakia, developing their cyanide-free process for gold and silver.

Quick facts: Arc Minerals Limited

Price: 1.35 GBX

Market: AIM
Market Cap: £9.96 m

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Glencore mine shutdown could prompt a near-term price hike in Cobalt

Mining Capital's Alastair Ford says the closure of Glencore’s Mutanda mine in the DRC comes in response to the collapse in the cobalt price over the last year or so. ''The price went very high in 2017 and then came back down and now it's at the $15/lb level which is where it started its rise...

on 08/16/2019

2 min read