IN BRIEF: Red Rock launches new cobalt joint-venture in Congo
Red Rock Resources PLC - London-based natural resource development company with interests in Africa and Australia - Announces new cobalt joint-venture in the Democratic Republic of Congo, with Societe d'Investissement Minier Akon et Sodimico SA, known as Simaks. Red Rock has acquired 58% of the Kimono cobalt-copper project in Haut Katanga province of the DRC, paying an initial amount of USD50,000. It will pay a further USD25,000 per quarter until USD400,000 is paid. Read More