Geovic Mining previously announced a disagreement between Societe Nationale d'Investissement du Cameroun ("SNI"). But as of today this accounting disagreement has been resolved.
Geovic Mining CEO John E. ("Jack") Sherborne stated: "Amicable resolution of this disagreement is another positive milestone in the Company's efforts to commence financing and construction of Nkamouna in the second half of 2010. Geovic and SNI look forward to continued co-operation in our mutual target of building the world's largest primary cobalt mine."
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About Geovic
Geovic is a U.S.-based corporation whose principal asset is 60.5% of a significant cobalt-nickel-manganese deposit in the Republic of Cameroon, Africa. Additional Company initiatives and Project information may be found on the websites.
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