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IRON-ORE

Miner African Minerals outlines financial recovery plan

Miner African Minerals plans to increase export volumes and boost revenues by reducing discounts and requiring a premium on some of its iron ore, the company said on Friday, as part of a recovery plan aimed at shoring up its battered finances. The...
19th September 2014
 
APPOINTMENTS

African Minerals ushers in new CEO, CFO as Calder and Perry exit

London-listed iron-ore firm African Minerals Limited (AML) on Wednesday announced the resignations of its CEO and CFO and said that company director Bernard Pryor and Kazakhmys CFO Matthew Hird would take up the positions. The Tonkolili project...
14th August 2013
 
PEOPLE

African Minerals CEO steps down after 3 yrs

African Minerals surprised the market on Tuesday when it said CEO Alan Watling intended to retire after just three years at the helm, following completion of an early stage in its key Sierra Leone iron-ore project. News of Watling's planned...
2nd May 2012
 
IRON-ORE

African Minerals doubles Tonkolili resource

Aim-listed African Minerals on Wednesday announced that it had doubled the resource size of its flagship Tonkolili project in Sierra Leone to 10,5-billion tons making it the world's biggest magnetite iron-ore resource compliant to Australia's...
17th February 2010
 
M&A

Chinese firm to buy £153m stake in African Minerals

Aim-listed African Minerals on Wednesday announced plans to sell a 12,5% stake in the company to the China Railway Materials Commercial Corporation (CRM) for about £152,6-million, which would provide the majority of funding required to advance its...
6th January 2010
 
Ferrous Metals

$2,6bn capex for 
iron-ore project 
in Sierra Leone

Mineral exploration company African Minerals said earlier this month it expects $2,6-billion in capital expenditure at its flagship iron ore project at Tonkolili, in Sierra Leone, and forecast production to start in 2013.
24th July 2009
 
IRON-ORE

African Minerals raises £63,8m for Sierra Leone iron-ore project

Aim-listed minerals exploration company African Minerals on Thursday raised £63,8-million or about $105,3-million through a cash placing with institutional investors, to fund further work at its flagship Tonkolili iron-ore project, in Sierra...
2nd July 2009
 
EXPLORATION

African Minerals’ Tonkolili project exceeds resource target

Aim-listed African Minerals has updated the mineral resource for its Tonkolili iron-ore project, in Sierra Leone, to 5,1-billion tons, at an average grade of 30% iron, delivering growth in tonnage and grade from the previously reported figures of...
19th May 2009
 
 
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