Otmane El Rhazi : African Minerals' lender takes control of iron ore project holding companies

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.



African Minerals said its lender has taken control of two holding companies that own a majority stake in the companies that operate its sole project, the Tonkolili iron-ore mine in Sierra Leone. The miner said on Tuesday it is seeking legal advice on the move by Shandong Steel Hong Kong Zengli.