|  2013-05-23

African Consolidated Resources explores mining opportunities in Romania

AIM-listed multi-commodity resource development African company ACR started the research on Romanian-based mining ooportunities in Octover last year.

ACR is an AIM-listed multi-commodity resource development company focussed on Zimbabwe.  The Company has been active in Zimbabwe since 2004 and has utilised its first mover advantage to establish a formidable balance sheet of world class assets at various stages of development.  With over 12 key projects covering gold, nickel, platinum, copper, phosphate and diamonds, the Company is focussed on developing these important strategic assets for the benefit of all stake holders.


ACR has a highly experienced board and management with strong in-country relationships. Zimbabwe has a rich history of mining and is a recognised world class region for mineral extraction.  The Company believes that it is in the right place at the right time and that it has all the building blocks in place to maximise the potential of its portfolio.


According to UK media news  Proactiveinvestors, the Africa-based company African Consolidated Resources (LON:AFCR) has been offered the exclusive chance to evaluate the assets of Remin SA, the Romanian state mining company.


“The two parties have signed a memorandum of understanding under which African Consolidated Resources (AFCR) has effective exclusivity from  now until midnight on 29 October 2013, in which it may carry out due diligence on and evaluation of Remin's entire polymetalic mineral interests which include copper and gold,”  the site reads.


AFCR's chief executive, Craig Hutton, commented: "This combined opportunity is consistent with the company's previously stated strategic intention of refocusing the company in becoming a significant multi-commodity development and mining company."


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