Private company

African Metals Corporation

Canadian mining company

AFR NuVenture Resources (formerly African Metals Corporation) is a junior Canadian mining company. Until 2018, the company undertook exploration and development of copper and cobalt mines in the Katanga Province of the Democratic Republic of the Congo (DRC). AMC's main asset was the Luisha South project.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1980Founded1

AFR NuVenture Resources (formerly African Metals Corporation) is a junior Canadian mining company.2

The story

Alpine Exploration Corporation

The company was listed on 12 May 1980 as Alpine Exploration Corporation.

In 1991 the company was prospecting for gold in west-central British Columbia.

With rising gold prices, in 1995 Alpine Exploration said it was planning to spend $250,000 on exploration of its three properties in northern British Columbia and in Alaska.

Shiega Resources Corporation

Alpine Exploration changed its name to Shiega Resources Corporation in November 1997.

In 1998 Shiega was in a joint venture with SAMAX Gold Inc. on the Nkroful gold mining project in Ghana.

Shiega also had an interest in a project in the Tintina Gold Belt, northeast of Fairbanks, Alaska.

That year Shiega was engaged in negotiations for a merger with Aurex AB, a gold miner, but the deal was dropped in January 1999.

African Metal Corporation

Shiega Resources changed the name of the company to African Metals Corporation in January 2000.

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Their main property is now the Luisha South concession in Katanga, DRC.

The company also has an option to acquire an 80% interest in eight other properties with an area of about 682 square kilometres (263 sq mi).

In 2018, African Metals agreed to sell all of its assets in the DRC, including mining rights and dense media separation plant to Excellen Minerals SARL and Simeon Tshisangama.

AFR NuVenture Resources Inc.

In 2021, the company changed their name to AFR NuVenture Resources Inc..

From Wikipedia’s article on AFR NuVenture Resources, shared under CC BY-SA 4.0.3

Timeline

  1. 1980Founded Founded1

Sources

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