Monday, October 8, 2012

Johannesburg, South Africa, Harare, Zimbabwe, Vienna, Austria, Tokyo, Japan – October 8, 2012 – African Compass International Limited (“ACI” or the “Company”), today announed it has sent a Letter of Intent (LOI) to the Republic of Namibia’s Director of Mines and Energy. The LOI is based on conducting a feasibility study for establishing a ultra-modern 200,000 bpd refinery in the country. This project will be implemented by ACI and its international partners with financial and technical expertise.

The LOI follows from a meeting at the Vienna International Centre (VIC), Austria at the sidelines of the 56th IAEA General Conference between ACI’s International Representative and the Namibian Mining Commissioner, The Honourable Erasmus I. Shivolo and Deputy Director of Controlled Minerals and Mineral Development, Ms. Helena Itamba. ACI also expressed strategic investment interests  in other sectors in Namibia during the VIC meeting.

About ACI
African Compass International (“ACI”) is a global diversified private natural resources company in frontier, emerging/established emerging and developed markets. The Group farms, explores, sources, refines and produces, inter alia, agriculture products, base metals, ferrous & non-ferrous metals, minor metals, platinum group metals, precious metals, oil & gas and commercial energy. Our diversified operations in Africa, South America and Eurasia are supported by offices in Austria, Canada, Japan and Zimbabwe. ACI always seeks partnerships with all its stakeholders that will add value to projects at hand based on the core values of honesty, integrity and vision.

Supporting Resources: please visit; follow @Afrikancompass on Twitter, or join ACI on LinkedIn.

For and on behalf of the Company’s Board of Directors

Julian RUPARE, Jr.

CEO & Chair


The following are the main terms and abbreviations used in this webnews:

ACI                   African Compass International Limited and/or its subsidiaries, as appropriate

Barrel                Equivalent to 42 United States gallons

Bpd                   Barrels per day

CEO                  Chief Executive Officer

CLO                  Chief Legal Officer

Company         African Compass International or African Compass International Limited

COO                 Chief Operating Officer

IAEA               International Atomic Energy Agency

LOI                   Letter of Intent

VIC                   Vienna International Centre

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African Compass International

Johannesburg | Harare | Vienna | Tokyo

Directors J Rupare Jr (CEO) C N Rupare (COO) U Mazunga (CLO)