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Frank Timis
Frank Timis

Tonkolili on track to meet 20Mt/y target during 2014

Production from iron-ore developer African Minerals’ Tonkolili operation, in Sierra Leone, was expected to stabilise at 20-million tons a year during 2014, with cash costs falling to around $30/t, CEO Bernie Pryor said on Monday. "The Tonkolili...
27th January 2014
Company Announcement

Major US$990m proposed Strategic Investment by Tianjin Materials and Equipment Group Corporation ("Tewoo") confirms US$6Bn valuation of Tonkolili Project PDF Available

African Minerals Limited is pleased to announce it has entered into a strategic, binding Memorandum of Understanding (the "MoU") with Tianjin Materials and Equipment Group Corporation ("Tewoo") in respect of AML's flagship iron ore project at...
27th September 2013

Tewoo to invest $990m in Tonkolili iron-ore project

London-listed iron-ore firm African Minerals has entered into a memorandum of understanding (MoU) with China-based import and export enterprise Tianjin Materials and Equipment Group Corporation (Tewoo) in respect of the Tonkolili iron-ore project...
26th September 2013

African Minerals stabilising Tonkolili at 20 Mt/y, lowers sales guidance

London-listed African Minerals was making continued progress towards stabilising its Tonkolili iron-ore operation at the 20-million-tonnes-a-year level, new CEO Bernie Pryor said on Wednesday. Pryor was appointed CEO of the company on August 14,...
11th September 2013

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

Cockerill appointed African Minerals vice-chairperson

Former Gold Fields CEO Ian Cockerill has joined the board of West African iron-ore miner African Minerals as an independent director and vice-chairperson, the company announced on Monday. Cockerill, whose appointment is in line with African...
22nd July 2013

African Minerals advances West Africa’s largest iron-ore mine

London-listed African Minerals was on track to achieve the targeted 20-million-to-a-year iron-ore production capacity at its Tonkolili project by the second quarter of the 2013 financial year. The Sierra Leone-based iron-ore mine, which tabled a...
10th April 2013

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

African Minerals to export 10Mt from Tonkolili in 2012

Aim-listed African Minerals expects to export about ten-million tons of iron-ore from its Tonkolili mine, in Sierra Leone, this year, chairperson Frank Timis said on Wednesday, but cautioned that forecasting was difficult, as the mine, rail and...
11th April 2012

Shandong completes $1.5bn Tonkolili investment

China’s Shandong Iron & Steel Group (SISG) has completed a $1.5-billion acquisition of a 25% stake in Aim-listed African Minerals’ Tonkolili iron-ore project, in Sierra Leone. The investment included certain discounted offtake arrangements for...
3rd April 2012
African Petroleum Corporation Limited

Company Announcement: African Petroleum Awarded Second Cote D'Ivoire Exploration Block PDF Available

African Petroleum Corporation Limited, a West African focused oil and gas exploration company, is pleased to announce that its wholly owned subsidiary, African Petroleum Côte d’Ivoire Limited, has entered into an agreement with the Société...
22nd March 2012

China’s NDRC approves $1.5bn Shandong investment in Tonkolili

China's National Development and Reform Committee (NDRC) has approved Shandong Iron and Steel's proposed $1.5-billion investment in African Minerals’ Tonkolili iron-ore project, in Sierra-Leone. London-listed African Minerals said Shandong...
13th February 2012
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