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Arab League injection earns Texas miner $107m windfall

Frik Els | July 06, 2011 | 5:58 pm Base Metals Precious Metals Copper Gold Silver 

Arabian American Development Co. announced on Wednesday that the Arab Mining Company (ARMICO) has invested US $37.3 million, acquiring five million shares, or 10% interest in Al-Masane Al-Kobra Mining Company (AMAK). This capital provides AMAK with the financing necessary to...

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