ROAN ANTELOPE ON THE CARPET

ZAMBIA’S troubled Roan Antelope Mining Corp (Ramcoz) has been put under receivership over an unspecified amount of money owed to state-owned Zambia National Commercial Bank (Zanaco). Roan has faced financial difficulties over the past year leading to electricity cuts by the Copperbelt Energy Corporation to just six megawatts from 27 megawatts over a $20m debt. Zanaco Managing Director Samuel Musonda said he wanted the new managers to urgently open talks with Copperbelt Energy so operations at Ramcoz could resume to allow the mine to meet its obligations. – Reuters