Strategic Partnership--Chinese to invest 1,5 billion dollars into African Minings Sierra Leone iron-ore project

摘要

AIM-listed iron-ore and base metals miner African Minerals said last week that it had entered into a 1,5-billion dollars strategic investment understanding with Chinese steel company Shandong Iron & Steel Group (SISG) to fund its flagship Tonkolili iron-ore project, in Sierra Leone. African Minerals executive chairperson Frank Timis said it would use the funds for the construction of infrastructure and mine operations at the project, including a shift from a combined haul road and rail system to an all-rail transport and logistics system.