African Minerals - Ein Eisenerzprojekt der Weltklasse - 500 Beiträge pro Seite

[newefra]

hier lohnt das Einlesen!
http://www.african-minerals.com/
das Prüfverfahren der Chinesen wird in den nächsten Tagen abgeschlossen. Nach Vertragsunterzeichnung sollte sich der Kurs kräftig nach oben bewegen.
BlackRock Inc. ist mit fast 10% eingestiegen.

newefra

[BeerisGood]

Gehört neben Bellzone, London Mining und Cape Lambert zu den Aktien die völlig unterm Radar von WO fliegen.

Mittelfristig alle 4 mit ordentlichem Potential.

[newefra]

die institutionellen Anleger gehen auf ihre Plätze:

neben BlackStone hat jetzt auch Prudential plc seinen Anteil auf rund 10% erhöht!

der Countdown läuft!


newefra

[newefra]

die Finanzierung der ersten Phase ist gesichert, die Chinesen sind mit im Boot!

African Minerals Completes $370m Phase I Funding
08.12.10 08:24:52- APIN

LONDON (Dow Jones)--African Minerals Limited (AMI.LN), an iron ore project
development company that is developing the Tonkolili project in Sierra Leone,
West Africa announced Wednesday a successful outcome of the marketing of its
secured loan facility with commitments received for in excess of $370 million
to date (of which 10% remains subject to Canadian regulatory approval).

MAIN FACTS:

-Commitments received to date, coupled with existing resources, expected to
provide sufficient funding to reach Phase 1 production

-It is expected that the closing of the Facility will occur on or about Dec.
31, 2010 and is subject to certain conditions precedent including negotiation
and execution of definitive transaction documentation and security
arrangements.

-The company retains the option to receive further commitments until closing
up to the maximum facility amount of $500 million.

-China Railway Materials Commercial Corporation's or CRM, notifies the company
of its intention to exercise its rights to maintain its 12.5% shareholding
(subject to governmental approvals)

-These rights entitle CRM to maintain its existing percentage shareholding in
AML in respect of new equity issues by AML on the same terms as those new
equity issues (including as to price).

-AML has offered CRM the right to subscribe for new common shares until Jan.
13, 2011, at the Placing Price of 425 pence, and if exercised would (subject to
exchange rate) provide an additional funding of $45 million.

-CRM has notified AML of its intention to exercise this right subject to
receiving the requisite governmental approvals.

-The company believes that, based on the commitments received, following the
closing of this Facility it will have sufficient funds in place to reach
production under its Phase I development program.

-This program is designed to deliver a production capability of 12 million
tons per annum of Direct Shipping Ore as lump and sinter fines with a grade in
excess of 58% Iron, with the first ore expected to be loaded onto ship for
export in 4Q, 2011.

-Phase I operating costs are presently estimated by the company to be $27.50
per ton.

-Progress towards Phase 1 production is accelerating, with the recent awarding
of contracts of in excess of $270 million, including the selection and
commissioning of BCM Group as mining contractor and China Civil Engineering
Construction Corporation or CCECC for the laying of the new rail track.


newefra

[newefra]

der stetige Aufwärtstrend der letzten Tage sollte sich nun fortsetzen

China Railway Materials bestätigt Einstieg


11th January 2011

African Minerals Limited

("African Minerals", "AML" or "the Company")

CRM Confirms Intention to Subscribe

African Minerals Limited (AIM: AMI), the iron ore project development company that is developing the Tonkolili project in Sierra Leone, West Africa, is pleased to announce that, further to its press release of 8 December 2010, the Company has now received confirmation from China Railway Materials Commercial Corporation ("CRM") that CRM will exercise its pre-emption rights to maintain its 12.5% shareholding in AML pursuant to the Subscription Agreement between AML and CRM dated 31 March 2010.
Accordingly CRM will subscribe for 6,991,450 new common shares in AML at the placing price of £4.25, for a total consideration of £29,713,662 (approximately US$46M). Completion of the subscription is expected to occur on or about 20 January 2011.
Executive Chairman, Frank Timis, commented:
"CRM's additional equity contribution, together with the ongoing support of our other major shareholders, to fund the continued development of the project provides a strong endorsement of the quality of the Tonkolili asset, our people and the Company's overall strategy."
Contacts
African Minerals Limited [phone]
Am 11. Januar 2011 African Minerals ist zufrieden bekanntzugeben, dass, weiter zu seiner Presseinformation vom 8. Dezember 2010, die Gesellschaft jetzt Bestätigung von chinesischen Eisenbahnmaterialien Kommerzielle Vereinigung ("CRM") erhalten hat, dass CRM seine Vorkaufsrecht-Rechte ausüben wird, seinen Aktienbesitz von 12.5 % in AML entsprechend der Abonnement-Abmachung zwischen AML und am 31. März 2010 datiertem CRM aufrechtzuerhalten. Entsprechend wird CRM für 6,991,450 neue Stammaktien in AML zum Stellen-Preis von 4.25 £, für eine Totalrücksicht von 29,713,662 £ (ungefähr US$46M) unterschreiben. Wie man erwartet, kommt die Vollziehung des Abonnements auf oder ungefähr am 20. Januar 2011 vor. Vorstandsvorsitzender, Frank Timis, kommentierte: " Der zusätzliche Billigkeitsbeitrag von CRM, zusammen mit der laufenden Unterstützung unserer anderen Hauptaktionäre, um die fortlaufende Entwicklung des Projektes finanziell zu unterstützen, stellt eine starke Indossierung der Qualität des Tonkolili Aktivpostens, unserer Leute und der gesamten Strategie der Gesellschaft zur Verfügung. "

Kontakt-Afrikaner-Minerale Beschränkten 44 20 7104 2280


newefra

[newefra]

und auch diese Meldung sollte für uns hier von Interesse sein:

Indischer Bundesstaat erwägt Antrag auf Exportstopp für Eisenerz
11.01.11 18:19:18- AWGB

BHUBANESWAR (awp international) - Den Stahlherstellern droht der nächste
Rohstoff-Schock: In Indien werden die Forderungen nach einem Exportverbot
für Eisenerz immer lauter. Der Bundesstaat Orissa, in dem die
grössten Fördergebiete des Landes liegen, werde der Regierung in Neu
Delhi möglicherweise einen solchen Schritt vorschlagen, sagte der
zuständige Stahl- und Bergbauminister am Dienstag in einem lokalen
Fernsehsender. Indien ist nach Australien und Brasilien der weltweit
drittgrösste Eisenerzproduzent. Rund die Hälfte der Jahresproduktion
von 200 Millionen Tonnen gehen in den Export - vor allem nach China. Ein
Ausfuhrstopp könnte die Weltmarktpreise weiter steigen lassen,
befürchten Händler.

Mit dem Schritt könnte die indische Politik der heimischen Stahlindustrie
unter die Arme greifen und ihr eine billigere Versorgung mit Rohstoffen
ermöglichen. Die Stahlhersteller in Indien plädieren seit langem
für ein Ausfuhrverbot. Im Bundesstaat Karnataka sind seit einem halben
Jahr Exporte aus zehn Häfen verboten worden. Es darf auch kein Erz
über andere Regionen ausgeführt werden.

Der weltgrösste Stahlkonzern ArcelorMittal und dessen
südkoreanischer Konkurrenten Posco planen neue Stahlwerke in Indien. Die
Investitionen verzögern sich aber seit langem, weil es immer wieder
bürokratische Hürden gibt./RX/enl/he

newefra

[newefra]

jetzt kommt endlich Bewegung in diese Aktie:

468.75 Up+28.75 +6.53% 1,591,404 468.75 on 12-Jan-2011

richtig los geht es spätestens nach dem closing.

newefra

[newefra]

und weiter geht´s:

500.00 Up+31.25 +6.67% 2,270,069 500.00 on 13-Jan-2011


newefra

[BeerisGood]

Schon etwas "älter", aber noch relevant:
TODDA condemns Kemedugu violence


http://www.thepatrioticvanguard.com/spip.php?article5698

Von gestern:
Civil Society Activist Lauds African Minerals.

http://www.thepatrioticvanguard.com/spip.php?article5776

[newefra]

Antwort auf Beitrag Nr.: 40.861.679 von BeerisGood am 14.01.11 11:53:33

tja, das ist halt Afrika.
Für "Hiesige" schwer zu verstehen

newefra

[commodityleviathan]

Antwort auf Beitrag Nr.: 40.863.862 von newefra am 14.01.11 16:06:18

Hallo Leute,

Ich habe mir African Minerals schon angeschaut als sie bei 40 pennies waren. najaa habe mich damals nicht mehr gross mit African Minerals beschäftigt, da bei 100 pennies für mich als abgefahren gegolten hatte.

Nun betreffend der Market cap von african minerals. Was gibt es für firmen, die bereits solche gigantische Eisenerzvorkommen in Produktion haben? und ebenfalls grosse Ressourcen?

einfach das ein vergleich möglich ist.

[newefra]

Antwort auf Beitrag Nr.: 40.881.391 von commodityleviathan am 18.01.11 16:04:50

@commodityleviathan
zum Vergleich:

Cliffs Natural Resources CLF - MK 12 Mrd$ - KGV 8,92 - EPS 9,95 Kurs 89,45$

Gruss
newefra

[commodityleviathan]

Antwort auf Beitrag Nr.: 40.881.555 von newefra am 18.01.11 16:18:39

danke newefra...

cliffs haben 580 mio tonnen iron ore als reserven.


African Minerals...haben 10.5 milliarden tonnen angestrebt. ich nehme an da müssen wir noch mit dem Erzgehalt runterrechnen für einen direkten vergleich mit african minerals.

Wie viele tonnen hat african minerals enthalten in den aktuellen ressourcen?
wissen wir auch schon etwas über einen möglichen Produktionsoutput im jahr in tonnen?
die machbarkeitsstudie ist ja noch in der erstellung....

danke für eure hilfe.

[BeerisGood]

Antwort auf Beitrag Nr.: 40.883.046 von commodityleviathan am 18.01.11 19:10:44

am besten kuckst du dir die letzte präsentation an.
die meisten fragen werden dort beantwortet.
http://www.african-minerals.com/Corporate/Company/Corporate_…

[commodityleviathan]

Antwort auf Beitrag Nr.: 40.883.954 von BeerisGood am 18.01.11 21:24:33

Hab die Präsi angeschaut.

African Minerals hat mit dem Tonkoli wirklich ein riesiges Projekt in der Pipeline. Hoffen wir mal, dass die Erwartungen erfüllt werden und es keine grossen Verzögerungen gibt. Werde den Wert mal beobachten und innerhalb der nächsten 2 monate dabei sein.

[newefra]

heute auf 518 und seit gestern deutlich ansteigendes Volumen.
Das Closing scheint bevorzustehen.

newefra

[newefra]

African Minerals Amends Marampa/Pepel Pact With Cape Lambert
31.01.11

LONDON (Dow Jones)--African Minerals Ltd (AMI.LN), the iron ore project
development company that is developing the Tonkolili project in Sierra Leone,
West Africa, said Monday it has reached an amended agreement with Cape Lambert
Resources Ltd. (CFE.AU) in respect of the Marampa/Pepel infrastructure project.


MAIN FACTS:

-Now Cape Lambert Resources, or CFE, has been granted the option to increase
transport capacity to 5Mtpa, CFE won't be exercising its right to buy in to the
Marampa/Pepel infrastructure project, but will take up its right to access the
transport infrastructure, under the following terms:

* African Minerals, or AML, will provide third party access rights to CFE on
commercial terms to transport up to 2 Mtpa of CFE's iron ore production from
its Marampa mine on the Marampa Railway and via Pepel Port, using AML's
stockyard;

* CFE will have an option to increase this transport capacity to 5 Mtpa once
the Tagrin infrastructure facilities are in full operation;

* Any extension required to construct the "spur" to the Marampa Railway
linking CFE's operation at Marampa to the current route of the Marampa Railway
will be at CFE's cost;

* CFE will be responsible for sourcing its own rolling stock and locomotives;
and

* The parties will enter into good faith negotiations to finalize and execute
full form legal agreements reflecting the commercial and legal terms as set
out.

-African Minerals also said it has made good progress towards completion of
its secured loan facility announced Dec. 22, 2010.

-AML shares closed Friday at 485 pence valuing the company at GBP1.57 billion.


newefra

[newefra]

Finanzierung bis zur Produktionsaufnahme unter Dach und Fach

newefra



African Minerals Finalizes $417M Secured Loan Facility
04.02.11 08:17:27

LONDON (Dow Jones)--African Minerals Ltd (AMI.LN), an iron ore project
development company, said Friday that it has finalized the Secured Loan
Facility agreement, with final commitments amounting to $417.7 million.

MAIN FACTS:

-This facility will allow the Company to fund completely Phase 1 of the
Tonkolili project, taking it through to first production, expected in Q4 2011.


-Funding is expected to occur on or around the week commencing Feb. 14 upon
satisfaction by the Company of certain conditions precedent.

-As at the end of December 2010, the Company had a cash balance of $372
million and had spent $380 million of the $1100 million estimated cost of
completing of Phase 1 of the project, leaving $720 million remaining to be
incurred.

-This new secured loan facility, together with the year end cash position and
the subsequent receipt of $46 million from CRM, provides pro forma available
funds of $836 million.

-Shares closed Thursday at GBP5.13, valuing the company at GBP1.67 billion.

[newefra]

Arcelor Mittal, der weltgrösste Stahlhersteller möchte sich mit 25% an African Minerals beteiligen!

newefra

Sierra Leone Mines Official: ArcelorMittal Seeking 25% Stake In African Minerals
10.02.11

CAPE TOWN -(Dow Jones)- ArcelorMittal (MT, MT.AE), the world's largest
steelmaker, is in talks to purchase a 25% stake in iron ore project development
company African Minerals Ltd. (AMI.LN).

Jonathan Sharkah, the director general of Sierra Leone's mining ministry, told
Dow Jones Newswires on the sidelines of a mining conference here that
ArcelorMittal "wants to buy a share in African Minerals by the end of the
year."

ArcelorMittal declined to comment on the matter.

African Minerals is aiming to produce about 50 million tons of iron ore a year
by around 2015. It is also expected to complete a rail road that connects the
mine to the port in the next three to four months, he said. The railroad of
around 200 kilometers is expected to take another three to four months to
complete, he added.

[newefra]

wie es scheint bin ich der Einzige der sich an dieser wunderschönen Bergauffahrt erfreut.

newefra

[commodityleviathan]

Antwort auf Beitrag Nr.: 41.048.487 von newefra am 16.02.11 10:46:34

ich denke momentan ist ein gutes preisniveau um bei african minerals einzugsteigen.

ich habe mich noch mit bellzone mining beschäftigt. peilen ebenfalls eine 50 mtpa produktion an auf 2018. produktion beginnt aber schon in kürze.

http://www.bellzone.com.au/Portals/0/docs/Investors/Investor…

hier die präse.

frage: wieso ist bellzone mit lediglich 380 mio gbp bewertet und african minerals mit 1.5 mrd. gbp?

ist bellzone evt. viel günstiger als african minerals?

danke für eure hilfe

[steve312]

Antwort auf Beitrag Nr.: 41.236.086 von commodityleviathan am 19.03.11 13:46:59

Weil die baldige Produktion mit max 4 mt jaehrlich beginnt und das project ein 50/50JV ist. Ausserdem ist das Projekt (Forecariah) lange nicht so fortgeschritten wie Tonkolili. Das grosse Projekt Kalia geht erst 2014 in Prod. mit anfaenglich 10mt. Meiner Meinung nach ist Bellzone trotzdem enorm unterbewertet, vorrausgesetzt das Management setzt seine Plaene um.

[commodityleviathan]

Antwort auf Beitrag Nr.: 41.253.817 von steve312 am 23.03.11 15:29:40

das ist klar. das management muss die vorgaben erfüllen.
Dies ist meistens eine sehr schwierige angelegenheit.

dazu kommt bei bellzone noch der mining code von guniea, welcher sich erst kürzlich geändert hat. der staat möchte 30% der einnahmen.

ist aber noch nicht 100% definitiv so viel ich erfahren habe.

[steve312]

Antwort auf Beitrag Nr.: 41.255.260 von commodityleviathan am 23.03.11 18:45:29

Der neue Mining code wird allerdings ziemlich sicher keine Auswirkungen auf bereits bestehende Verträge haben. Kalia ist dadurch nicht betroffen.

[newefra]

heute conference call und vorläufiges Ergebnis.

newefra


Preliminary Results for the year ended 31 December 2010

Highlights of 2010

· Significant in situ resource upgrade from 5.1Bnt to 12.8Bnt.1

· Implementation of Three Phase development strategy to deliver rapid access to cashflow.

· Phase I Direct Shipping Ore ("DSO") project development on schedule to enter commercial production in Q4 2011.

· Phase I production capacity increased from 8Mtpa to 12Mtpa and low cash costs expected at $27.50/t.

· All Tonkolili project mining licences awarded, environmental permits issued and fiscal terms agreed with the Government of Sierra Leone ("GoSL").

· $1.2Bn Phase I project fully funded.

· $1.1Bn raised since January 2010.

· Definitive Engineering Study for an expanded Phase II (23Mtpa hematite concentrate project) under review, Definitive Feasibility Study to be commissioned in Q2 2011.

· Major strategic partnership signed with China Railways Materials Commercial Corporation ("CRM") providing access to finance, agency iron ore sales, enhanced procurement, supplier relationships and expertise.

· Board strengthened by addition of Dermot Coughlan and Roger Liddell as Independent Non-Executive Directors ("INEDs"), Liu Guoping as NED, and Miguel Perry as CFO.

· Appointment of Mr Gibril Bangura as Executive Chairman, African Minerals Limited (Sierra Leone).

· Effective today, appointment of Nina Shapiro as INED, and Bernard Pryor, also as INED, from 12 July 2011.




http://www.african-minerals.com/Doc/pdf/Presentations/AML_Pr…

[newefra]

Black Rock Mining Funds hat die 3% überschritten und hält knapp 10 Mio shares.


newefra

[newefra]

Black Rock jetzt 11,74%

newefra


3. Full name of person(s) subject to the
notification obligation: iii


BlackRock, Inc.

4. Full name of shareholder(s)
(if different from 3.):iv



5. Date of the transaction and date on
which the threshold is crossed or
reached: v


21st April 2011

6. Date on which issuer notified:


26th April 2011

7. Threshold(s) that is/are crossed or
reached: vi, vii


Holding has gone above 11%

[newefra]

African Minerals Signs Revised Pact With Shandong Iron For $1.5B Investment
03.05.11 12:05:57- APIN

LONDON (Dow Jones)--African Minerals Limited (AMI.LN), or AML, which is
developing the Tonkolili iron ore project in Sierra Leone, Tuesday announced
that it has signed a revised Memorandum of Understanding, or MoU, with Shandong
Iron & Steel Group Co Limited, or in respect of Shandong's proposed $1.5
billion investment in AML's Tonkolili iron ore project and related
infrastructure.

MAIN FACTS:

- The legally binding and exclusive MoU, which requires final contractual
documentation to be prepared, supersedes all previous agreements with Shandong
and reflects the considerable progress made at the Company since discussions
between AML and SISG began in July 2010.

-SISG will invest $1.5Bn in return for 25% of the subsidiaries holding the
Project.

-The consideration will be paid in full on closing and is payable either in
cash or by demand bank guarantee.

-Closing of SISG's investment will be conditional on receipt of, amongst other
things, necessary governmental and regulatory approvals.

-The funds from the Investment will be used by the Company to accelerate the
development of the mine operation at Tonkolili and for construction of the
related infrastructure in Sierra Leone.

-SISG will have the right to appoint a minimum of two out of five directors to
the board of each project company and one director to the board of AML.

-SISG has an option to acquire up to 25% of annual iron ore production from
each of the 3 production phases, by reference to the benchmark prices.

-The MoU envisages a separate iron ore off-take agreement for a total of 2Mtpa
of Phase I production, and an incremental 8Mtpa after Phase II is commissioned,
at a discount to benchmark prices; From the date of commencement of production
of Phase III, the separate off-takeagreement includes 5Mtpa hematite fines and
5Mtpa magnetite concentrate , save that when there are no more hematite fines
for production in the Project, SISG shall receive 10Mtpa magnetite concentrate
for the remainder of the life of the Project, at a discount to benchmark
prices.

-SISG may also elect to receive iron ore in lieu of its share of any dividends
declared from the mining operations of the Project of an amount calculated by
reference to the benchmark prices for the accountable period.

-The MoU envisages that the funding for Phase III of the Tonkolili Project
will be debt finance but, to the extent that shareholder funding is required,
the MoU provides for this to be through shareholder loans pro rata between the
Parties.

-Both AML and SISG's rights as shareholders will be protected in the event of
an offer to acquire either party's full interest in the Project.

[newefra]

weitere vertrauensbildende Maßnahme: Black Rock hat weiter aufgestockt.

BlackRock Investment Management (UK) Limited 39,963,747 (12.20%)

newefra

[newefra]

African Minerals Ltd Signs Memorandum Of Understanding With CCCC
24.05.11 11:13:20- DJPN

LONDON (Dow Jones)--African Minerals Limited (AMI.LN), the miner, Tuesday
announced that it has signed a Memorandum of Understanding, or MoU, with China
Communications Construction Company Limited, or CCCC, in respect of the
optimization and finalization of a Final Engineering Study, or FES, for all
aspects of infrastructure for the Phase II and Phase III expansions of the AML
Tonkolili Iron Ore project in Sierra Leone.

MAIN FACTS:

-Subject to parties agreeing a formal appointment contract, CCCC will develop
the FES, and on completion will prepare a proposal to act as Engineering,
Procurement, Construction and Management, or EPCM, contractor to the Company.

-Subject to final agreement, CCCC will be appointed AML's Strategic EPCM
Contractor.

-This MoU, which is intended to be binding between the parties, will be
exclusive for a period of 6 months, during which time the engineering studies
will be completed.

-CCCC, AML and the Government of Sierra Leone also intend to establish a Joint
Venture to design an expansion to the Bumbuna hydro-electric power generation
facilities to satisfy the power needs of phases II and III of the Tonkolili
project.

-Shares at 1010 GMT up 1.13% at GBP4.70 valuing the company at GBP1.54
billion.

[newefra]

hier ist etwas im Busch. Heute +10% und zum Schluss 1,7 Mio shares als uncrossed trade!

newefra

[newefra]

hier die News!

newefra

For immediate release

1 June 2011

African Minerals Limited

("African Minerals", "AML" or the "Company")

Update on Negotiations with Shandong Iron & Steel Group

African Minerals Limited (AIM:AMI), the iron ore project development company that is developing the Tonkolili project in Sierra Leone, West Africa, announces that, further to its press release of 3 May 2011, discussions between the Company and Shandong Iron & Steel Group Co., Ltd have progressed well and the parties are currently in the process of finalising documentation.



The Company will provide further updates in due course.

Contacts:

African Minerals Limited [phone]

Mike Jones

[christian76]

Hallo,
heute erst gelesen:

http://www.african-minerals.com/am/en/investors/announcement…

Gruß
C.

[christian76]

So, die Produktio ist nun angelaufen.
15Mt. für 2012 und ab 2013 dann 20Mtpa.

http://www.african-minerals.com/am/en/investors/announcement…

Gruß
C.

[christian76]

Antwort auf Beitrag Nr.: 42.348.824 von christian76 am 14.11.11 18:38:24

http://www.miningweekly.com/article/african-minerals-scraps-…

[christian76]

African Minerals-Aktie: ein absoluter Must-Have

22.01.13 12:40
Emerging Markets Investor

Endingen (www.aktiencheck.de) - Für die Experten vom "Emerging Markets Investor" ist die African Minerals-Aktie ein absoluter Must-Have.

African Minerals sei operativ in Sierra Leone aktiv und betreibe dort das Tonkilili-Eisenerzprojekt. Hieran halte die Gesellschaft 75%. Hierbei handle es sich um ein Weltklasse-Projekt, denn die JORC-kompatiblen Reserven würden sich auf 12,8 Mrd. Tonnen Eisenerz belaufen. Für eine Tonne Eisenerz würden momentan 150 USD gezahlt. Sobald das Projekt in Betrieb genommen werde, dürfte es makroökonomische Dimensionen erreichen.

Die Cash-Kosten würden mit 27,50 USD je Tonne angegeben und die Lebensdauer der Mine betrage 60 Jahre. Die erste Stufe der Produktion, die eine jährliche Förderung von mehr als 20 Mio. Tonnen Eisenerz vorsehe, sei bereits voll finanziert. Die Produktion solle im laufenden Jahr gestartet werden.

African Minerals habe zuletzt einen Kassenbestand von 1,2 Mrd. USD ausgewiesen. Die Analysten der Deutschen Bank würden für das aktuelle Jahr einen Umsatz von 1,05 Mrd. USD sowie ein EPS von 0,45 USD prognostizieren. Die Umsatz-Schätzung für das Folgejahr laute auf 1,5 Mrd. USD, was zu einem KGV von weniger als 5 führen würde. Daher sei es nicht überraschend, dass die Deutsche Bank für den Titel Verdopplungspotenzial sehe.

Die Experten vom "Emerging Markets Investor" bewerten die African Minerals-Aktie mit "strong buy". (Ausgabe 2 vom 21.01.2013) (22.01.2013/ac/a/a)
Offenlegung von möglichen Interessenskonflikten:

Mögliche Interessenskonflikte können Sie auf der Site des Erstellers/ der Quelle der Analyse einsehen.

[cervical]

African Minerals Slumps Most in a Year in London After CEO Quits

African Minerals Ltd. (AMI), studying a $2 billion iron-ore mine expansion in Sierra Leone, slumped the most in almost a year in London trading after Chief Executive Officer Keith Calder quit.
The stock fell as much as 16 percent, the most since Aug. 24, 2012. Calder, who joined as CEO last August, was replaced by Bernard Pryor, London-based African Minerals said today in a statement. Pryor is a former Anglo American Plc (AAL) executive and became an independent non-executive director in April 2011.
The new CEO “shares the same view as the rest of the board, that African Minerals must first focus on consistent production and lowering costs, and thereafter develop further growth,” Chairman Frank Timis said in the statement.
It declined 14 percent to 211 pence by 3:10 p.m. in London.
African Minerals, with a market value of $1.1 billion, began shipping iron ore used to make steel from its Tonkolili mine November 2011, making it Sierra Leone’s largest producer. Chief Financial Officer Miguel Perry also quit and will be replaced by former Kazakhmys Plc (KAZ) CFO Matthew Hird from Oct. 1.
“From the onset it was clear that Calder’s broader ambition was to grow African Minerals into a diversified miner across West Africa in the near term,” Jefferies Group LLC analyst Seth Rosenfeld said. “Perhaps our greatest concern for African Minerals in recent months was that the company would move too far and too fast into M&A in the coming months.”
Calder said in June the company was studying acquisitions in commodities such as copper and steel-making raw materials. M&A is now at least 1 to 2 years away, Jefferies said today.
‘Significant Opportunities’
“There are significant opportunities in West Africa, across commodities and across countries, that we will be extremely well-positioned to take advantage of,” Calder said in a telephone interview on June 18 from London.
The price of iron ore, the most-shipped commodity after oil, more than tripled in the past decade, encouraging mining companies to expand in new regions, away from traditional hubs such as Brazil and Australia.
“At face value, the change of a CEO after just 12 months is not positive,” Rob Clifford, an analyst at Deutsche Bank AG, wrote today in a note. “At the asset level, production and cost plans remain a focus and are on track.”
Former CEO Alan Watling has been hired as a special adviser to the board and Timis on port and railways, the company said. Watling was CEO from 2009 to 2012.
“Investor confidence could probably decline with both departures and some near-term weakness in the share price would not be surprising,” Citigroup Inc. analysts Michael Flitton and Heath Jansen wrote today.
The company got $1.5 billion of investment from China’s Shandong Iron & Steel Group Co. last year in exchange for 25 percent of the mine. It may seek debt funding from the Asian nation for the Pepel mine expansion that’s estimated to cost $2 billion to $2.5 billion and is scheduled for 2016. The work is expected to boost capacity to 35 million tons a year.
To contact the reporter on this story: Jesse Riseborough in London at [e-mail]
To contact the editor responsible for this story: Amanda Jordan at [e-mail]
http://www.bloomberg.com/news/2013-08-14/african-minerals-sl…

[cervical]

Kurseinbruch
African Minerals - Prognosen gesenkt, Expansion gestrichen

Der auf Sierra Leone ausgerichtete Eisenerzproduzent African Minerals hat seine Produktionsprognose für das laufende Jahr gesenkt, ein Abschreibung in Höhe von fast 60 Mio. Dollar vorgenommen und sich von Plänen zur Erweiterung seiner wichtigsten Mine verabschiedet.[/b

http://www.goldinvest.de/index.php/kurseinbruch-african-mine…

[BeerisGood]

Antwort auf Beitrag Nr.: 45.427.269 von cervical am 11.09.13 13:36:01

Hab hier mal zu 163p eine erste Position genommen.

[BeerisGood]

9/11/2013 Investec Reiterated Rating Buy GBX 393
9/11/2013 Canaccord Genuity Reiterated Rating Buy GBX 410
9/11/2013 Morgan Stanley Reiterated Rating Overweight GBX 250
9/11/2013 Credit Suisse Reiterated Rating Outperform GBX 350
9/12/2013 Citigroup Inc. Lower Price Target Buy GBX 320
9/12/2013 Deutsche Bank Lower Price Target Buy GBX 450

http://www.analystratings.net/stocks/LON/AMI

[BeerisGood]

Major US$990m proposed Strategic Investment by Tianjin Materials and Equipment Group Corporation ("Tewoo") confirms US$6Bn valuation of Tonkolili Project

http://www.iii.co.uk/investment/detail/?display=news&code=co…

[newefra]

nach langer Zeit melde ich mich hier mal wieder weil ich denke man sollte sich die Aktie wieder näher anschauen.
Zum Monatsende sollten die vorläufigen Zahlen publiziert werden.
Der Kurs hat ja doch deutlich nachgegeben, Frage ob sich der Wiedereinstieg lohnt?

Gruss
newefra

[newefra]

Antwort auf Beitrag Nr.: 45.519.919 von BeerisGood am 26.09.13 11:10:14

die Chinesen von TEWOO wollten doch einen Anteil von 16,5% für 990Mio$ erwerben. Auf der Webseite von AMI tauchen sie aber nicht als Shareholder auf.
Ist da jemand informiert?

Gruss
newefra

[newefra]

ok, habe schon gefunden. Das war lediglich eine Absichtserklärung und die
Voraussetzungen für einen Abschluss hätten bis 31.12.2013 erfüllt werden müssen.
Gibt aber keinerlei Infos ob verzögert oder geplatzt.
Immerhin wäre der Unternehmenswert dann 6Mia$.

newefra

[newefra]

hui, heute ist der Kurs ja richtig nach unten gekracht: -6,84%
Grund: EBITDA 203 Mio$ und Verlust 53,7 Mio$, 115 Mio Sonderaufwendungen, das muss man erst mal bringen!
Jetzt soll Tewoo 990 Mio$ für 10% Anteile bringen, aber die Chinesen haben es nicht eilig und verhandeln noch und ich bin sicher sie lächeln freundlich dabei.
Sicher kommt der Moment wo man hier wieder einsteigen kann.
Ich machs mal wie der Chinese: abwarten und Tee trinken und dabei lächeln.

newefra

[Popeye82]

ich habe die Aktie nicht.

Tonkolili achieves 'best performance yet' –African Minerals - MW, JOHANNESBURG - May 21, 2014

- L. Kolver -
www.miningweekly.com/article/tonkolili-achieves-best-perform…
www.african-minerals.com/system/files/uploads/financialdocs/…
www.brrmedia.co.uk/event/122784/?popup=true

"Mineral exploration, development and mining company African Minerals’ Tonkolili iron-ore project, in Sierra Leone, achieved record production and sales during the first quarter of the year, the company announced on Monday.

During the three-month period, the mine produced 5.3-million tons of product, compared with 3.9-million tons during the fourth quarter of last year.

First quarter sales amounted to 4.6-million tons, up 19% from the 3.8-million tons exported during the fourth quarter.

"The Tonkolili project ramp-up programme continues to make good progress. The first quarter of 2014 marks our best performance yet, surpassing the record set by the fourth quarter of 2013 and setting our new operational benchmark,” African Minerals CEO Bernie Pryor commented.

He pointed out that the mine’s cash costs also continued to improve, having fallen to $37/t as production volumes increased with a commensurate building of cash flow.

“Preparations are also under way for the annual seasonal impacts of the coming wet season, and we look forward to testing our interventions, which should give us the flexibility to successfully manage the coming months, and importantly also reduce our reliance on the production of A32 materials, allowing us to achieve higher received pricing,” he said.

Pryor stated that the company was maintaining its guidance of exporting between 16-million tons and 18-million tons during the calendar year, with C1 cash costs of between $34/t and $36/t.

The company was planning to exit the year at a sustainable run rate of 20-million tons a year, with cash costs expected to fall to $30/t at that production rate.

“We are well advanced in our next stage of growth targeting capital cost optimisation and expansion to our infrastructure capacity. We aim to exit 2014 with a 25-million-ton-a-year export capability, and to start the construction of our first friable haematite concentrator facility at the end of this year, with up to 10-million tons a year of final product concentrate processing capability being brought on line in 2016.

“This, together with the increased direct shipping ore (DSO) resource recently announced, allows us to extend the life of our concurrent DSO operations and further defer capital for additional concentrator units,” Pryor said.

During the first quarter, the group also reduced its net debt, from $473-million to $391-million. "

[newefra]

also ich bin zu 100 hier wieder eingestiegen und prompt kommt ein Rückgang auf 90 wegen der Gerüchte um das Ebola-Virus in Sierra Leone. Heute dann die Stellungnahme von AMI. Es gibt keinerlei Grund zur Beunruhigung, man ist 200km von dem Ort entfernt an dem die Erkrankung aufgetreten ist und hat alle Vorkehrungen zum Schutz des Personals getroffen.

newefra

For Immediate Release

African Minerals Limited

("African Minerals", "AML", or "the Company")

Media Reports



African Minerals notes recent various media reports regarding Ebola in Sierra Leone.



AML confirms that its operations and workforce at the Tonkolili integrated mine, rail, port and marine remain unaffected. The health and safety of our staff and contractors is of paramount importance.



The Company had already implemented various procedures and initiatives to safeguard its operations and workforce, prior to confirmation of Ebola cases in Sierra Leone. The risk level remains at its lowest 'green' ranking, and AML has prepared comprehensive contingency plans for all operations and employees, in the event that this risk level changes, to allow our operations to continue unaffected.



AML continues to comply with all World Health Organisation recommendations and is communicating continuously with all appropriate international and Government organisations.



The Company notes that neither the Foreign and Commonwealth Office nor the World Health Organisation has advised of any travel restrictions to Sierra Leone and international commercial and carrier airlines continue to operate with unchanged schedules to and from Freetown.



The Tonkolili operations are over 200km from the remote affected area around Kailahun, which lies on the eastern border between Sierra Leone and Liberia. Company transport to and from the affected areas has been suspended.



Based on information received from Government organisations, the Ministry of Health in cooperation with the World Health Organisation continues to control and monitor the affected areas, in which Ebola is being contained.



The Executive Chairman, Chief Executive Officer and all senior staff continue to travel as normal to and from the operations

[Alfgolf]

beobachte die auch schon lange und bin eigentlich auch zu früh rein..wie immer..aber von deren Strategie überzeugt...

was natürlich bedenklich ist, dass der Eisenerzpreis so runter gekommen ist....

hier ein LINK....

http://www.shareribs.com/rohstoffe/metalle-und-minen/news/ar…

Was meinst DU???

Gruß

[newefra]

Antwort auf Beitrag Nr.: 47.131.574 von Alfgolf am 10.06.14 16:45:16

tja, die paar Tage hätte ich gerne noch gewartet um noch günstiger einzusteigen. Jetzt ist natürlich wieder Geduld gefragt.
Ganz so schlecht sieht es trotzdem nicht aus:
http://www.intercooleronline.com/stocks/african-minerals-lim…
"what goes up must come down" und umgekehrt.

newefra

[Alfgolf]

bin bei 104 rein...und jetzt schon schön im Minus....hätte nicht gedacht dass es so weit runter geht....

Hoffentlich steigen die Chinesen ein....

[Popeye82]

African Minerals outlines new product treatment plan, for Tonkolili - WM, JOHANNESBURG - Jun 26, 2014

- N. Greve -
www.miningweekly.com/article/african-minerals-outlines-new-p…

"Mineral explorer African Minerals says product mix from its Tonkolili iron-ore mine, in Sierra Leone, will, in future, include only deslimed fines, intermediate product and lump, until the establishment of friable hematite concentrate production.

At present, the company’s production consisted of fines, lump and all-in 32 (A32), which had, historically, caused material handling problems in the port, where high clay levels had lowered throughput capacity and produced fines with a high moisture content that required significant rehandling and drying before being shipped.

The establishment of new screening and desliming circuits, expected to be fully commissioned in the third quarter of the year, would create clean, free-draining products with low moisture content and better product quality, which were expected to be shippable year-round.

Fines material below 10 mm would be screened to 2 mm, or above, to create a new intermediate product, a group C cargo, which had no transportable moisture limit restrictions.

Desliming would remove fine, sticky clays and ultrafine material from these fines to create a clean, free-draining higher-quality product, with low moisture content and enhanced material-handling characteristics.

Discounted A32 would be phased out completely during the fourth quarter.

Commenting on the miner’s plans, CEO Bernie Pryor said the establishment of the screening and desliming circuits would be a game changer for African Minerals’ wet-season strategy, in that most, if not all, of its product would now be able to be shipped year-round.

“[Also], the removal of fine sticky clay from our material, and of course the eradication of A32 itself, will greatly improve our port material-handling characteristics. With a year-round shippable product and cessation of A32, we also expect our price realisation to improve meaningfully,” Pryor noted. "

[newefra]

na, ja, solange hat es garnicht gedauert mit der Erholung, die 100 sind schon wieder in Sichtweite. Es gab allerdings auch eine Reihe Neuigkeiten:
http://www.londonstockexchange.com/exchange/news/market-news…" target="_blank" rel="nofollow ugc noopener">
http://www.londonstockexchange.com/exchange/news/market-news…
http://www.londonstockexchange.com/exchange/news/market-news…
http://www.londonstockexchange.com/exchange/news/market-news…
http://www.londonstockexchange.com/exchange/news/market-news…
http://www.londonstockexchange.com/exchange/news/market-news…

sieht soweit alles ganz gut aus und ich hoffe dass wir in ein paar Monaten wieder über 150 sind.

newefra

[Alfgolf]

Oh Mannn....

das hätte ich nie gedacht...

wieder einmal....es ist ZK !!

[Popeye82]

Tonkolili Iron Ore Project funding, +operational update - Sep 19, 2014
www.african-minerals.com/media/press-releases/tonkolili-iron…

"African Minerals Limited, the developer, operator and 75% shareholder of the Tonkolili Iron Ore Project (“the Project”) in Sierra Leone, notes the recent volatility in the share price and in response to this provides the following update.

As previously announced the Project’s operations remain unaffected by the Ebola Virus Disease outbreak. The Company does not expect there to be any material impact to the Project from the planned 4 day curfew that the Government of Sierra Leone intends to apply over the coming weekend.

The Company reiterates guidance of 16-18Mtpa for full year 2014, with C1 cash costs in the range $34-36/t.

Following his appointment as CEO in August, Alan Watling has presented to the Board of the Project Companies an assessment of the current financial position and a financial recovery plan, with recommended actions to make the Project cash flow positive on a sustainable basis by the end of 2014, even given the ongoing weakness in iron ore prices. The Board of the Project Companies has approved this plan, and the associated actions and budgets, to increase export volumes, reduce costs, enhance revenues, and seek refinancing to strengthen the Project Companies’ balance sheets.

In support of these plans, and in line with the commitments made in August 2014, $82m has already been drawn down from the Project’s Hong Kong funds (which totalled $284m at the end of June 2014), and has been used primarily for working capital purposes. The Board of the Project Companies has now approved the draw down of a further $161m in September and October for further essential payments, including to fund the approved cost reduction initiatives, to finance working capital and to cover operating losses and debt repayments until the Project becomes cashflow positive.

Furthermore, the Board of the Project Companies has resolved that a revenue enhancement strategy should be pursued, such that all future shipments (after those for which ships are already confirmed) should be sold at a fair market price. To that end, and supported by Shandong as the principal offtaker, we will be communicating with our customers not only to temporarily defer the current price influencing factors (including, but not limited to, discounts, agency fees, marketing fees, freight subsidies, etc), but also to require a premium for the low silica nature of our DSO product. SISG has provided an assurance that, should these discussions with our customers be successful, they will also comply.

The Company will provide a further update in its half year 2014 financial statements scheduled for publication on 30 September 2014, including an update on the status of its refinancing plans.


CEO Alan Watling stated:

“After 4 weeks at the helm of this Company, I believe deeply in the value of this world class asset. The work currently underway including the commissioning of the 1G plant, the commissioning of our de-sliming circuits, increase in export volumes, and a number of additional near term cost reductions and revenue enhancements, leads me to expect that this project will become cashflow positive, assuming that the iron ore price environment remains broadly unchanged, by the end of this year.

This will firmly establish Tonkolili as a low cost producer, with strong cashflow growth as we move into friable hematite concentrate production, even at current prices.

With the demonstrated support of the Project Companies’ Board and our 25% partners Shandong Iron and Steel Group, and the provision of access to short term funds to meet our immediate commitments and plans, I am confident that the Project will achieve financial stability in the near term, and will put us in a strong position to implement appropriate medium and longer term financing strategy to support the goals of both the Project and the Company.”


Contacts:

African Minerals Limited
[phone]
Mike Jones

Tavistock Communications
[phone]
Jos Simson / Nuala Gallagher

Jefferies
[phone]
Nick Adams / Alex Collins


About African Minerals

African Minerals operates the Tonkolili Iron Ore Project (the "Project") in Sierra Leone, with a JORC compliant resource of 12.8 Bt. The multi-generational Project is being developed in a number of staged expansions. In 2013, African Minerals completed sales of 12.1 Mt to its customers. The current year sales guidance is for 16-18 Mt of exports as the operations focus on operating at the 20 Mtpa run rate design capacity.

Phase II expansion will see exports increase to 25 Mtpa, and will incorporate production of a high grade concentrate product. Concentrate production is expected to begin in 2015 and will eventually displace current DSO production as concentrate volumes increase and the DSO resource depletes over time.

The Company has also developed significant port and rail infrastructure to support the operation of the Project, via its subsidiary African Rail and Port Services (SL) Limited ("ARPS"), in which the Government of Sierra Leone ("GoSL") has a 10% free carried interest.

The Project companies are currently owned 75% by AML, and 25% by Shandong Iron and Steel Group ("SISG"), except for ARPS, which is currently owned 75% by AML and 25% by SISG, with the GoSL having the right to a 10% free carried interest from AML.

www.african-minerals.com "

[robusto75]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[robusto75]

African Minerals Limited logoCredit Suisse bekräftigten ihre neutrale Bewertung auf Aktien der African Minerals Limited (LON: AMI) in einem Forschungsbericht am Freitagmorgen veröffentlicht. Credit Suisse hat derzeit eine GBX 120 ($ 1,95) Kursziel auf dem Lager.

Die Credit Suisse hat auch vor kurzem eingenommen Aktion eine Reihe von anderen Aktien. Die Firma senkte das Kursziel auf Aktien der Yamana Gold Inc. von $ 11,50 auf $ 10,50. Auch Credit Suisse senkte das Kursziel auf Aktien der Kinross Gold Co. ab $ 5,50 bis $ 5,25. Schließlich stufte Credit Suisse Aktien von Taminco Corp von einem Outperform Rating zu einer neutralen Bewertung.

Eine Anzahl von anderen Analysten seit kurzem auch in AMI gewogen. Die Analysten von Canaccord Genuity bekräftigte eine Kaufempfehlung für Aktien von African Minerals Limited in einer Research Note am Montag, 18. August. Sie haben jetzt eine GBX 150 ($ 2,44) Kursziel auf dem Lager. Schließlich Analysten von Jefferies Group erneut eine Kaufempfehlung für Aktien von African Minerals Limited in einer Research Note am Freitag, 8. August. Sie haben jetzt eine GBX 130 ($ 2.11) Kursziel für die Aktie. Ein Analyst hat die Aktie mit einem Sell Rating bewertet wurden zwei einen Einfluß Bewertung gegeben und neun haben eine Kaufempfehlung für das Unternehmen ausgestellt. African Minerals Limited hat einen Konsens Rating von Buy und einem Kursziel von Konsens GBX 215.50 ($ 3,50).

African Minerals Limited (LON: AMI) eröffnet bei 18,425 am Freitag. African Minerals Limited verfügt über ein 1-Jahres-Tief von 17,50 GBX und eine 1-Jahres-Hoch von GBX 245.75. 50-Tage-Durchschnitt der Aktie ist GBX 39.11 und seine 200-Tage-Durchschnitt ist GBX 93.00.

African Minerals Limited (LON: AMI) ist ein Mineralexplorations, Entwicklung und Produktionsunternehmen mit Interessen in Sierra Leone.

[robusto75]

https://www.analystratings.net/stocks/LON/AMI

[Popeye82]

Renaissance Capital seeks additional $63,000,000, from African Minerals
www.miningweekly.com/article/renaissance-capital-seeks-addit…

"JOHANNESBURG (miningweekly.com) – The Court of Appeal in England has given Renaissance Capital permission to appeal certain aspects of a decision by the High Court in March in which London-listed African Minerals was ordered to pay the investment banking firm outstanding financial adviser’s fees.


The group’s appeal sought an increase of $63-million, plus interest and costs, in the amount awarded against and paid by African Minerals.

African Minerals said in a statement on Friday that it had already filed its appeal to reduce the amount awarded, and that these two appeals would be combined and were expected to be heard by the Court of Appeal in the first half of next year.

“The company remains confident that it has good prospects of successfully defending Renaissance Capital's appeal, and reasonable prospects of success on its own appeal,” it stated.

Edited by: Chanel de Bruyn "

[Popeye82]

African Minerals chairman to buy Marampa in Sierra Leone from London Mining - MT - Oct 24, 2014
www.mining-technology.com/news/newsafrican-minerals-chairman…

"Chairman of African Minerals Frank Timis is seeking to acquire London Mining's Marampa mine in Sierra Leone through his privately owned company.

Through Timis Mining, founder of African Minerals Frank Timis has agreed to borrow $20m from Australia's Cape Lambert Resources to support acquisition of the mine, which is located about 120km from African Minerals' Tonkolili operation.

Financing includes a 12-month $8m loan and a $12m royalty purchase, which gives Cape Lambert $2 for each tonne of iron concentrate sold by the mine.

Cape Lambert executive chairman Tony Sage said: "This funding agreement represents a very good deal for the company and for its shareholders.

"The Timis Mining-owned Marampa mine is expected to produce between five to seven million tonnes of iron concentrate per annum, which means a potential income stream to Cape Lambert of between $10m to $14m per annum, or up to $56m in total over the term of the royalty."

Given its significant infrastructure in the region, African Minerals seems to be the natural buyer of the Marampa mine, Investec analysts quoted by Bloomberg.

Investec analysts said: "It is interesting that it is Timis' private company purportedly doing the bidding, perhaps because it can more readily realise the funding to make the offer."

Earlier this month, London Mining went into administration after struggling with mounting debts following a slump in iron ore prices.

Similar to London Mining, African Minerals has been facing a 40% drop in the iron ore price.

As part of a financial rescue, African Minerals reported in September that it was open to sell a minority stake in its only mine.

Around 1,300 people are employed at the Marampa mine and is claimed to have iron ore reserves sufficient for 40 years of mining. "

[christian76]

03 Nov 2014
African Minerals, the developer and operator of the Tonkolili iron ore mine in Sierra Leone, notes that Timis Corporation Limited (“Timis Corp”), a company established and wholly owned by AML’s Executive Chairman Frank Timis, has acquired the Sierra Leone mining assets of London Mining from the administrator PwC, and provides the following update.

Highlights

The Board of AML, after careful consideration, decided on 10 October 2014 not to enter discussions to acquire the assets of London Mining in Sierra Leone given the potential impact on the debt refinancing schedule that is currently underway with Standard Chartered Bank, as communicated to the market on 30 September 2014
Following this decision, the Board of AML formally allowed Frank Timis, acting in a personal capacity as Timis Corp, to enter discussions for the acquisition if he so wished
It has been announced today that Timis Corp has successfully acquired the Marampa Mine from the administrators, PwC
Timis Corp had previously informed AML that, if successful in this acquisition, it would require Timis Corp and AML to negotiate fair commercial access terms for AML’s rail and port infrastructure, owned by AML’s subsidiary African Railway and Port Services, or “ARPS”
At an AML Board meeting held on 24 October 2014, the Board of AML approved Timis Corp’s access to the ARPS rail and port infrastructure for 6Mtpa of iron ore product, subject to completion of commercial terms and any regulatory approvals, including the requirements of the AIM Rules
Any commercial terms that may be agreed will be on an arms-length basis, will reflect standard commercial terms in the industry, will be accretive to AML, and will be fully assessed as a Related Party Transaction in accordance with Rule 13 of the AIM Rules
Furthermore, AML and Timis Corp have agreed to undertake studies regarding the possibility of blending the products from Marampa and Tonkolili, to mutual advantage, with a view to accessing European steel making markets with a suitable quality high grade product and to also capture the benefits of lower freight rates.
Benefits to AML

Other than the implicit additional revenue through terms of any access agreement, once agreed, AML is expected to be able to benefit from the following:

reduced infrastructure operating costs per tonne, as a result of a high fixed cost base benefiting from higher volumes transported
the potential to blend Marampa’s c65% Fe product with Tonkolili’s c58% Fe product to create a product grade that is desirable in Europe, which would allow AML to benefit from significantly lower freight rates (in October the average freight differential benefit between China and Rotterdam from Pepel was $12/t)
a potential significant premium in selling this European blend grade compared to the current DSO (Current Platts 58% Fe price is $67.50/t whereas Platts 62% Fe price is $80.00/t).
Alan Watling, CEO, African Minerals, said:

“It is very pleasing to see that the Marampa Mine will continue to be a major source of employment in Sierra Leone. The quick resolution by the administrators and Timis Corporation Limited has prevented the closure of an important asset for the local and national community.

African Minerals confirms it has agreed access for 6Mtpa to the rail and port infrastructure by Timis Corp to unlock the synergies between these assets, subject to the final negotiation of commercial terms and receipt of necessary approvals. Given the acknowledged related party nature of the transaction, those negotiations will be done on a completely arms-length basis, will reflect standard market pricing, and will be ratified in accordance with Rule 13 of the AIM Rules.

It is expected that, subject to the agreement of commercial terms, AML and ARPS will benefit substantially from lower infrastructure costs by virtue of higher tonnage, as well as the opportunities that will become possible through blending our combined products, accessing new markets in Europe and reducing our combined freight costs as a result, saving an estimated $12/t on current prices.

The fact that Timis Corp has exclusive access to 100Mt of Cape Lambert’s adjacent weathered hematite material means that the Marampa Mine will continue to be able to process a consistent product for the next decade, continuing to provide additional revenue to AML.”



Contacts:

African Minerals Limited
[phone]
Mike Jones

Tavistock
[phone]
Jos Simson / Nuala Gallagher/ Mike Bartlett

Jefferies
[phone]
Nick Adams / Alex Collins



About African Minerals

African Minerals operates the Tonkolili Iron Ore Project (the "Project") in Sierra Leone, with a JORC compliant resource of 12.8 Bt. The multi-generational Project is being developed in a number of staged expansions. In 2013, African Minerals completed sales of 12.1 Mt to its customers. The current year sales guidance is for 16-18 Mt of exports.

Phase II expansion will see exports increase to 25 Mtpa, and will incorporate production of a high grade concentrate product. Concentrate production is expected to begin by the end of 2015 and will eventually displace current DSO production as concentrate volumes increase and the DSO resource depletes over time.

The Company has also developed significant port and rail infrastructure to support the operation of the Project, via its subsidiary African Rail and Port Services (SL) Limited ("ARPS"), in which the Government of Sierra Leone ("GoSL") has a 10% free carried interest.

The Project companies are currently owned 75% by AML, and 25% by Shandong Iron and Steel Group ("SISG"), except for ARPS, which is currently owned 75% by AML and 25% by SISG, with the GoSL having the right to a 10% free carried interest from AML.

www.african-minerals.com

[Popeye82]

das dürfte knapp werden
vorerst geht es denke ich ums -reiiine- Überleben

African Minerals starts Tonkolili iron ore project shutdown in Sierra Leone - MT - Dec 3/1, 2014
www.african-minerals.com/media/press-releases/financing-and-…
www.mining-technology.com/news/newsafrican-minerals-starts-t…

"Iron ore mining company African Minerals has initiated the shutdown of its Tonkolili iron ore operation in Sierra Leone, as the company does not have sufficient working capital.

The Tonkolili iron ore project is developed, operated and 75%-owned by the company.

According to African Minerals, operations will be put on care and maintenance until the $102m of restricted cash is released or the company secures short-term funding.


The cash has yet to be released due to continued disagreements between the company and Shandong Iron and Steel Group (SISG).

Previously, the company announced its intention to sell down a partial interest in its stake in the Tonkolili mine, and is in talks with several groups regarding this.

With all available funds being used for the security and safety of personnel, as well as assets during the temporary shutdown process, African Minerals subsidiaries have been unable to secure the full repayment under the PXF facility, which is due at the end of November.

African Minerals CEO Alan Watling said: "Initiating a temporary shutdown of operations towards care and maintenance in Sierra Leone, while extremely regrettable, is a necessity given the company's financial status and uncertainty over the timing of the release of the restricted funds.

"While the operating performance of the project has been impressive during 2014, with Q3 exports of 4.4 million tonnes (Mt) at an average direct cash cost of $36/t, in spite of the wet season, the fall in iron ore prices and the operational challenges caused by the Ebola disease outbreak has meant the project has continued to operate at a loss."

African Minerals executive chairman Frank Timis said: "We have allocated all available funds to these critical activities and to keeping the operating assets in a condition that operations can be quickly restarted, which is of fundamental interest to all stakeholders." "

[Popeye82]

www.mining.com/african-minerals-sued-by-sierra-leone-village…

[cervical]

Sierra Leone: Chinese steel firm to invest in $700m iron ore processing plant - See more at: http://africanbusinessmagazine.com/sectors/commodities/sierr…
http://africanbusinessmagazine.com/sectors/commodities/sierr…