Friday 21 November 2014

Otmane El Rhazi : African Minerals considers partial sale of Tonkolili stake

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.



London-listed African Minerals, which holds a 75% stake in the Tonkolili iron-ore mine, in Sierra Leone, is considering the partial sale of its interest in the project, as a means to deal with the immediate liquidity issues facing the project. Trading in the company’s shares on the LSE was suspended on Thursday while the mine developer and operator sought to clarify its financial position.

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