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UPDATE 1-African Copper says Mowana grades encouraging

Wed Sep 9, 2009 2:29am EDT

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* Feed and concentrate grades have been above forecast

* Says too early to identify any clear trend in grades

(Adds details)

LONDON, Sept 9 (Reuters) - African Copper (ACU.L) said grades produced following the restart of operations at the Mowana Mine in Botswana have been above forecast, but that it was too early to identify any clear trend in grades.

"The results achieved over this short-period of time are encouraging," said Chief Executive Chris Fredericks.

African Copper, which put the mine on care and maintenance in January pending completion of financing talks, had said it planned to resume production by the end of August. [ID:nBNG439795]

(Reporting by Julie Crust; editing by Victoria Bryan)



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