Monday 1 December 2014

Otmane El Rhazi : Timis in Marampa iron offtake talks with Gerald Metals – sources

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.



Romanian businessperson Frank Timis is in talks with trader Gerald Metals about an offtake agreement for iron ore from the Marampa mine in Sierra Leone, which Timis has bought from the administrators of London Mining, industry sources said. Timis, who is chairman and founder of African Minerals , a heavily indebted rival to London Mining in Sierra Leone, bought the Marampa mine last month through his private vehicle Timis Mining Corporation.

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