Mayfair Mining & Minerals, Inc. is pleased to announce that, on February 15, 2008, the Company entered into an agreement with His Royal Highness Chief Chizela IX of Mufumbwe District, North Western Province, Zambia, to develop eight mineral licenses under his ownership. As part of the agreement, Mayfair will incorporate a Zambian subsidiary Mayfair Kalengwa Limited, with offices in Zambia, and the shares in the new subsidiary will be held 60% by Mayfair Mining & Minerals, Inc., and 40% by Chief Chizela IX.
The eight mineral licenses consist of the following:
Kangora and Western Queen, Keran Kotoka Grove, Dingwe Gold Group, Kalengwa, Javuma, Kanyamwansa, Kamutelelu and Lubilo.
Read the complete post at http://www.memeza.com/story.php?title=Develop_Eight_Mining_Licenses_in_the_Zambian_Copper_Belt
Posted
Feb 27 2008, 02:25 AM
by
memeza / Zambian News