Investment in Africa China In

RNS Number : 8166Z

Red Rock Resources plc

24 July 2008

 

RED ROCK RESOURCES PLC

Investment in Africa China Mining Corporation

Dated: 24 July 2008

Red Rock Resources plc ('Red Rock' or the 'Company') the mineral exploration and development company focused on advancing iron ore, uranium and manganese projects in Australia and East Africa, announces it has acquired a 20% equity stake in Africa China Mining Corporation ('ACMC'), a corporation incorporated in the Bahamas which through its subsidiaries holds manganese exploration assets and applications in Burkina Faso and Mali in West Africa.

ACMC through its subsidiary Burkina Manganèse SARL holds by Decret 2008-202 dated 28 April 2008 a ten year renewable industrial mining permit to mine manganese from the Kiéré mine in the province of Tuy.

The executive directors of ACMC are Mr Lou Slaughter and Mr Ron Slaughter. Mr Ron Slaughter is resident in Burkina Faso.

ACMC has an application for an additional manganese resource pending in the neighbouring country, Mali, where it expects grant shortly. The management of ACMC expect to be in production at Kiéré in October and in Mali shortly afterwards. 

Red Rock and its affiliates and associates have the right in certain circumstances to acquire an additional 20% interest in ACMC.

Enquiries:

Andrew Bell	0207 402 4580 or 07766 474849	Red Rock Resources plc	Chairman
John Simpson	020 7489 4500	Blomfield Corporate Finance Ltd	Nominated Adviser
Ron Marshman / John Greenhalgh	020 7628 5518	Lothbury Financial Limited	Public Relations

Updates on the Company's activities are regularly posted on its website, www.rrrplc.com.

 

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