By Reuters Staff
2 Min Read
LONDON (Reuters) - Africa-focused Moxico Resources is planning an initial public offering (IPO) of its shares in London within the next twelve months, two sources with direct knowledge of the matter said.
FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo
The UK-based company, run by ex-Rio Tinto executive Alan Davies, is developing its flagship Mimbula project in Zambia’s copper belt but also has other assets under development.
Moxico secured about $75 million in equity from investors in May to help fund the construction of Mimbula, one of the sources said.
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