Camec On Hold Ahead of Bid to Recover in Congo

Evening Standard - London › August 31, 2007

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Summary

SHARES of Central African Mining Exploration Company (Camec) were today suspended at 3934p, having seen almost 40% of its value wiped out yesterday.

The Democratic Republic of Congo this week revoked the company's licence to seek copper and cobalt in the country. Camec, run by former England cricketer Phil Edmonds, now plans to outline to shareholders the extent of its interests in the Congo and explain how it plans to appeal.

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Extract

Camec On Hold Ahead of Bid to Recover in Congo

Share prices generally extended their lead after convincing performances in Asian markets this morning. The FTSE 100 index rose 40.1 to 6252.1. The fallout from the subprime mo...

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