ARC Minerals Limited (GB:ARCM) has released an update.
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Arc Minerals Limited has announced the rejection of two large mining license applications in Zambia, which are now subject to an appeal process aimed at a positive reconsideration. The company’s other licenses remain unaffected, and their joint venture partner, Anglo American, is proceeding with planned exploration activities. Trading of the company’s shares on AIM will resume following this update.
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