IN BRIEF: Marula enters Kinusi copper purchase contract with Traxys

Marula Mining PLC - London-based Africa-focused mining and development company - Subsidiary Takela Mining Tanzania Ltd enters into a purchase contract with global metals trading group Traxys Europe SA for the delivery and sale of 100% of copper production from the Kinusi Copper Mine in Tanzania. Under the deal, Traxys will hold exclusive rights until December 2029, with an option to extend two years. Deliveries are set to begin in May 2026 before ramping up thereafter. Pricing of the copper will align with the London Metal Exchange copper price. Chief Executive Jason Brewer says the deal "gives us a secure and reliable sales channel for all copper ore productions from Kinusi."

Marula shares have been suspended from trading on the Aquis Stock Exchange in June of 2025 due to delays in the publishing of its audited annual accounts.

By John Robaina, Alliance News reporter

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