Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Troubled miner African Minerals, which owns a 75% stake in the Tonkolili iron-ore project, in Sierra Leone, reported on Monday that its partner Shandong Iron and Steel Group (SISG) had agreed to release $12.96-million from the project’s restricted bank account in Hong Kong. The cash had been used to pay December salaries and accumulated taxes due in Sierra Leone.
Troubled miner African Minerals, which owns a 75% stake in the Tonkolili iron-ore project, in Sierra Leone, reported on Monday that its partner Shandong Iron and Steel Group (SISG) had agreed to release $12.96-million from the project’s restricted bank account in Hong Kong. The cash had been used to pay December salaries and accumulated taxes due in Sierra Leone.
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