African Metals Corporation

African Metals Corporation was a Canadian mining company that operated in Zambia. The company was primarily focused on the exploration and development of copper and cobalt deposits in the country.

In 2013, African Metals Corporation acquired the Luisha South project, which included the Kalumines and Musoshi deposits. The company also owned the Mkushi copper project, which was located in central Zambia.

However, in 2016, African Metals Corporation filed for bankruptcy and its assets were sold to a Chinese company, Jinchuan Group International Resources Co. Ltd. The sale included the Luisha South project and the Mkushi copper project.

The bankruptcy of African Metals Corporation was attributed to a decline in copper prices and the company's inability to secure financing to continue its operations.

Stock Quotes

African Metals Corporation. However, based on publicly available information, African Metals Corporation is a mining company that focuses on the exploration and development of mineral resources in Africa. The company's competitive edge may lie in its expertise in identifying and acquiring high-quality mineral assets, its strong relationships with local communities and governments, and its commitment to sustainable mining practices. Additionally, the company may differentiate itself from its peers through its focus on developing projects that have the potential to generate significant value for shareholders while also benefiting local communities and the environment.


1. Limited geographical presence: African Metals Corporation operates only in Zambia, which limits its exposure to other potential markets and opportunities.

2. Small scale operations: The company's operations are relatively small compared to its peers, which may limit its ability to compete on price and scale.

3. Limited product portfolio: African Metals Corporation primarily produces copper concentrate, which may limit its ability to diversify its revenue streams and mitigate risks associated with commodity price fluctuations.

4. Dependence on a single mine: The company's operations are heavily dependent on the Chambishi mine, which exposes it to risks associated with mine closures, labor disputes, and other operational disruptions.

5. High debt levels: African Metals Corporation has a relatively high debt-to-equity ratio compared to its peers, which may limit its ability to invest in growth opportunities and increase its financial flexibility.

6. Limited access to capital: The company's small size and limited track record may make it more difficult to attract investment capital compared to larger, more established peers.

7. Limited technological capabilities: African Metals Corporation may lack the technological capabilities and expertise of larger, more established peers, which may limit its ability to innovate and improve operational efficiency.

Peer Comparisons

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Ticker 1 - AFR

Ticker 2 - OWW

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Exchange 1 - TSXV

Exchange 2 - Frankfurt

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Primary Info
Date Established
204-133 Richmond St W, Toronto, ON M5H 2L3, Canada
Website Data
Meta Title
African Metals Corporation
Meta Description
African Metals Corporation is a Canadian-based mineral exploration and development company focused on the exploration and development of copper and cobalt deposits in the Democratic Republic of Congo.
Main Header
Second Title
African Metals Corp, mining, copper, cobalt, exploration, DRC, Democratic Republic of Congo.

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