FOR IMMEDIATE RELEASE
Wednesday, September 19, 2012
Johannesburg, South Africa, Harare, Zimbabwe, Vienna, Austria, Tokyo, Japan – September 19, 2012 – African Compass International Limited (“ACI” or the “Company”), today announced its Europe based International Representative met with the visiting dignitaries over dinner from the Republic of Namibia Ministry of Mines and Energy, Mining Commissioner, The Honourable Erasmus I. Shivolo and Deputy Director of Controlled Minerals and Mineral Development Division, Directorate of Mines, Ms. Helena Itamba, at the sidelines of the 56th International Atomic Energy Agency (IAEA) General Conference in Vienna, Austria.
The International Representative of ACI gave an introduction of ACI interest in mining and energy in the Southern African Development Community (SADC). The parties then discussed mining and energy investment in Namibia.
The Honourable Erasmus I. Shivolo pointed to the conducive investment environment of the country and expressed the government’s support for investments which go in tandem with meeting the country’s vision 2030 as an industrialized country and a favourable business destination of Foreign Direct Investment (FDI).
ACI’s International Representative expressed his gratitude to The Honourable Erasmus I. Sivolo for meeting with him out of his busy schedule, and expressed his admiration for the remarkable achievement the country has attained in Africa for its conducive investment environment in recent years.
For and on behalf of the Company’s Board of Directors
Julian RUPARE, Jr.
CEO & Chair
About ACI
African Compass International (“ACI”) is a global diversified private natural resources company in frontier, emerging/established emerging and developed markets. The Group farms, explores, sources, refines and produces, inter alia, agriculture products, base metals, ferrous & non-ferrous metals, minor metals, platinum group metals, precious metals, oil & gas and commercial energy. Our diversified operations in Africa, South America and Eurasia are supported by offices in Austria, Canada, Japan and Zimbabwe. ACI always seeks partnerships with all its stakeholders that will add value to projects at hand based on the core values of honesty, integrity and vision.
About Ministry of Mines and Energy
The Directorate of Mines endeavours to promote the optimal exploitation of Namibia’s mineral resources and integrate the mining industry with other sectors of the economy. The Directorate Energy ensures the adequate and affordable energy supply in a sustainable manner taking advantage of Nambia’s natural resources in support of the nation’s socio-economic development. For further information, visit www.mme.gov.na.
Supporting Resources: please visit www.africancompassinternational.com; follow @Afrikancompass on Twitter, or join ACI on LinkedIn.
GLOSSARY OF TERMS:
The following are the main terms and abbreviations used in this webnews:
ACI African Compass International Limited and/or its subsidiaries, as appropriate
CEO Chief Executive Officer
CLO Chief Legal Officer
Company African Compass International or African Compass International Limited
COO Chief Operating Officer
FDI Foreign Direct Investment
IAEA International Atomic Energy Agency
SADC Southern African Development Community
– ends –
African Compass International
Johannesburg | Harare | Vienna | Tokyo
Directors J Rupare Jr (CEO) C N Rupare (COO) U Mazunga (CLO)
