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Armadale brings contractor to DRC

Armadale Capital has signed a heads of terms agreement with the Africa Mining Contracting Services Group (AMCS) with a view to funding, developing, constructing and operating the Mpokoto gold project in the Democratic Republic of Congo’s Katanga province.

The agreement envisages that AMCS will introduce investors to provide at least US$20 million of loan financing with a view to finding Mpokoto into production, which is targeted for the first half of