CAMEC

Overview

CAMEC has a broad operational portfolio at various stages of development. The Company aims to rapidly advance this by increasingly using internally generated cash resources, in order to achieve its objective of becoming a major diversified producer focused in Africa.

The Company's copper and cobalt operations in the DRC are now highly productive and growing fast, and are supported by its successful and cash generative trucking and agricultural businesses. The three main production plants, those being the Luita SX/EW facilities, the Kakanda concentrator and the Kambove sulphuric acid plant, are all contributing to raised output. The Company anticipate producing an annualised 30,000 tonnes of copper cathode and, subject to demand, 8,000 tonnes of cobalt concentrate metal contained by March 2009, and 100,000 tonnes and 12,000 tonnes respectively by March 2011.

The Company is also developing its highly prospective coal assets in Mozambique and South Africa and its platinum assets in Zimbabwe into production, adding additional significant revenue lines to the Company's operations. Going forward, it is also aiming to bring its South African fluorspar and Mali bauxite businesses into production to add further operational and geographic diversity to its operations. In addition, CAMEC continues to seek opportunities to enhance shareholder value through acquisition led growth, particularly where it can achieve a first mover advantage in an emerging market and invest at attractive valuations.