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...

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...

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...

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...

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

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...

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...

African Minerals arranges $868m to fund Tonkolili expansion

London-listed African Minerals has arranged $868-million in financing for the continued expansion at its Tonkolili iron-ore project in Sierra Leone. The company said on Tuesday it had successfully closed the book and pricing of $350-million of...

Roy Pitchford

Position: Non-executive chairperson, Village Main Reef Main activity of the company: Mining Date and place of birth: September 21,1950, Johannesburg

African Minerals gets improved terms from Shandong

African Minerals has negotiated improved terms from China's Shandong Iron & Steel for a planned $1,5-billion investment in its flagship iron ore project in Sierra Leone. Shandong will invest $1,5-billion for a 25% stake in the Tonkolili iron ore...

African Minerals secures $417m loan to take Tonkilili to first production

Aim-listed African Minerals on Friday finalised a $417,7-million loan for the first phase of its Tonkolili project in Sierra Leone. The completion of phase one would take the project through to first production of 12-million tons a year of direct...

Chinese group confirms additional equity contribution – African Minerals

State-owned China Railway Materials Commercial Corporation (CRM) on Tuesday confirmed its intention to subscribe for almost seven-million new African Minerals shares. African Minerals, which is developing the Tonkolili iron-ore project in Sierra...

African Minerals secures loan to advance to first production at Tonkolili

Aim-listed African Minerals said on Wednesday that it had received commitments for a loan facility in excess of $370-million. Chairperson Frank Timis said that the commitments would position the company well to take advantage of the strong...