African Consolidated Resources Plc (the 'Company')
Marange Diamond Claims
African Consolidated Resources plc, the Zimbabwe focused mineral
exploration company notes that the Zimbabwe Attorney General has
stated that the Zimbabwean Government will appeal against the
judgement given by the Zimbabwe High Court on 24 September 2009 which
confirmed the title of the Company's subsidiaries to their claims
over the Marange diamond field.
Notwithstanding the statement of the Attorney General, the Company is
in discussions with Government concerning a joint venture on the
Marange diamond field which will benefit both the Company and the
people of Zimbabwe.
Further announcements will be made as the situation develops.
Enquiries:
African Consolidated Resources plc
Andrew Cranswick +44 7920 189010
Roy Tucker +44 1622 816918 / +44 7920 189012
Ambrian Partners Limited
Richard Greenfield +44 20 7634 4700
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