3rd Sep 2015 08:35
LONDON (Alliance News) - China Africa Resources PLC on Thursday said its pretax loss narrowed in the first half as the company continues to work on the Berg Aukas Mine in Namibia.
The company, which does not generate any revenue, said its pretax loss for the six months to the end of June was GBP304,000, slightly narrowed from the GBP399,000 loss it made a year earlier in line with its slightly lower administrative expenses.
China Africa Resources said it has spent the half reviewing options to secure funding for the feasibility study for the Berg Aukas Mine, having completed a pre-feasibility study last year.
Shares in China Africa were untraded Thursday, having last traded at 4.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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