Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Another $6.7-million has been released from the Tonkolili iron-ore project’s restricted bank account in Hong Kong to pay January salaries and taxes due in Sierra Leone, embattled miner African Minerals said on Monday. The company’s partner and 25% owner of the Tonkolili project, Shandong Iron and Steel Group (SISG) earlier this month agreed to release $12.96-million of the funds to pay December salaries and accumulated taxes due in Sierra Leone.
Another $6.7-million has been released from the Tonkolili iron-ore project’s restricted bank account in Hong Kong to pay January salaries and taxes due in Sierra Leone, embattled miner African Minerals said on Monday. The company’s partner and 25% owner of the Tonkolili project, Shandong Iron and Steel Group (SISG) earlier this month agreed to release $12.96-million of the funds to pay December salaries and accumulated taxes due in Sierra Leone.
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