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Dec 3, 2014 African Minerals' Tonkolili mine in Sierra Leone was put on care and maintenance after iron ore prices halved Tonkolili iron ore project in Sierra Leone has been put on care and maintenance following the reduction of iron ore pricing and the problems surrounding Ebola.
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In many West African countries such as Sierra Leone, Guinea and Liberia, the future of some large iron ore projects, under development for the last five years, is looking uncertain. These projects were conceived when iron ore prices were at historical heights, and officials and citizens alike foresaw transformational development outcomes.
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Although the acts alleged took place on Sierra Leonean soil, the English court agreed to hear the case because the actual iron ore producer (the third defendant, Tonkolili Iron Ore Limited) was previously a subsidiary of African Minerals Ltd (AML), which had its head office in London before going into administration in 2015.
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2013. The Tonkolili mine is a large iron mine located in central Sierra Leone in the Northern Province. Tonkolili represents one of the largest iron ore reserves in Sierra Leone and in the world having estimated reserves of 12.8 billion tonnes of ore grading 64% iron metal. [1]
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Shandong will invest $1.5 billion for a 25% stake in African Minerals' massive the Tonkolili iron-ore project in Sierra Leone. Phase I of the project will cost $1.2bn and includes railway and port ...
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International Mining Engineer with broad experience in all aspects of explosives manufacturing, blasting and general surface mining activities. ... Tonkolili Iron Ore and Projects, Sierra Leone Oversee all operations at African Minerals Limited, Tonkolili Iron Ore and Projects, with respect to technical services and Client Relations. ...
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Apr 21, 2015 Sierra Leone - China's Shandong Iron and Steel has acquired African Minerals ' (AML) 75 % stake in the Tonkolili iron ore mine in Sierra Leone. This takes its ownership up to 100 % of the equity of Tonkolili Iron Ore Ltd and the associated infrastructure company African Port and Railway Services.
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African Minerals announced on March 6 that it intended to appoint administrators for the company after failing to negotiate a financial support agreement with Shandong Iron and Steel Group, its lender and partner in the Tonkolili iron ore mine in Sierra Leone. The company said it was working to identify an appropriate insolvency practitioner to represent and protect the interests of the ...
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African Minerals ("AML") were the owners and operators of Tonkolili - the largest iron ore mine in Sierra Leone. In November 2010 and again in April 2012, unrest amongst the local community near Tonkolili led to what the trial judge described as ...
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Tuesday April 21, 2015 2:35 AM. JINAN, April 21, SinoCast -- Shan Steel announced acquisition of 75% of Tonkolili iron ore project in Sierra Leone from African Minerals . Upon completion, it will own 100% of Tonkolili iron mine and a port railway service firm. Tonkolili iron ore, with world-class assets, is the second-biggest iron mine in ...
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African Minerals said Tianjin Minerals and Equipment Group (Tewoo) will receive a 16.5% stake in its Tonkolili deposit which values the project at $6 billion. Tonkolili is a massive 12.8 billion...
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Mining. Tonkolili is the site of new iron ore mine, including a 3 ft 6 in (1,067 mm) railway between the mine and Port Pepel. This railway to Port Pepel with an extension to deeper waters at Tagrin Point would be about 200 km long. While built by the African Minerals company, the railway would be open access to other users at commercial rates.
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Please help improve this article if you can. (September 2010) ( Learn how and when to remove this template message) Iron ore production in Africa is dominated by South Africa, Mauritania and Algeria. [1] Many countries possess iron ore deposits that are as yet untapped/unmined. Countries and companies currently involved in production are listed ...
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Tonkolili represents one of the largest iron ore resources in the world and will contribute substantial economic benefits to Sierra Leone. As the largest employer in the country, African Minerals is committed to the principles of sustainable development, respecting the environment and delivering safe and healthy workplaces, with at least 80% of ...
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April 20 (Reuters) - Chinese steel company Shandong Iron and Steel Group said it had acquired the remaining 75 per cent stake in the Tonkolili iron ore mine in Sierra Leone from the mining company...
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Thus, the main objective of this work is to locate iron ore deposits in the districts of Marampa and Tonkolili of Sierra Leone in regions where previous exploratory studies have not been carried ...
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The Tonkolili mine is considered to have access to some of the largest iron-ore resources in Africa. "The mine's current production capacity is 20-million tonnes a year and it was initially ...
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February 16, 2010 7:00 PM Scott Stearns Sierra Leone's President Ernest Bai Koroma Sierra Leone hopes to become Africa's biggest exporter of iron ore with the opening of a new mine in the central...
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African Minerals' $1.2 billion refurbishment of the former Marampa mining railway and port in Sierra Leone was completed at light-speed, which indicates the pressure miners are under to get their ore to market. Last year African Minerals sold 25 percent of the Tonkolili project to Shandong Iron & Steel Group for $1.5 billion . Shandong has the ...
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On December 19, the high court of London rejected a claim for compensation submitted by populations living near the Sierra Leone iron ore mine Tonkolili against the former mine operator African Minerals, a firm previously owned by Australian-Romanian businessman Frank Timis.The villagers, represented by British law firm Leigh Day, a firm that specialises in defending human rights and ...
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An example has been the US$700 million investment by Chinese state-owned mining company Shandong Iron and Steel in an iron ore processing plant at the Tonkolili mine in Sierra Leone, which BMI Research says signals China's long-term commitment to mining in Africa. It is the largest industrial investment in the country's history.
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At the height of the commodities boom last decade, West African countries became magnets for miners seeking untapped iron ore, diamonds, gold, bauxite and other minerals. In Pepel, locals anticipated an economic surge for their civil war-ravaged country when London-listed firm African Minerals started shipping ore four years ago from its Tonkolili mine. Discovered in 2008 and lying some 200 km ...
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African Minerals Limited, which began mining diamonds in Sierra Leone in 1996, built its Tonkolili mine on what is regarded as one of the largest deposits of magnetite in Africa, a type of iron ore.
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The case arises out of two episodes of police brutality against civilians in Tonkoli, a remote district in the north of Sierra Leone, in 2010 and 2012. African Minerals Ltd (" AML "), an AIM-listed mining company, which had iron ore operations in the area, had given various support (accommodation, vehicles and cash) to the local police.
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In 2013 Mineral Technologies delivered an Iron Ore beneficiation circuit for African Minerals - Tonkolili project in Sierra Leone. The scope of supply included all items required to implement a long-term (12-month) pilot testing regime including tele-handler, crushing, screening, conveyors, commissioning and operating spares.
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A Sierra Leonean company Tonkolili Iron Ore (SL) Ltd and its former parent company in England African Minerals Ltd have been sued by 142 Sierra Leoneans in a court in England for complicity in human rights violations in northern Sierra Leone. If they succeed, each of the 142 claimants will receive £30,000 (equivalent of Le229.5 million).
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Oct 22, 2014African Minerals and London Mining have both been hit by a 40% drop in the price of iron ore and disruption caused by the Ebola epidemic. The number of deaths from Ebola has increased to 20 a day...
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African Minerals halted operations at its 75 percent-owned Tonkolili iron ore mine in December last year. This was after it failed to secure enough funding to keep it running following a slump in the iron ore price. The debt-ridden firm convinced Tonkolili's 20 percent-owner, Shandong, to release some money to pay taxes and wages.
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Nov 15, 2011Sierra Leone saw its first shipment of iron ore out of the country in nearly 30 years, and just 14 months after the African Minerals company launched its mining project. November 15, 2011 By Paige ...
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Sierra Leone would benefit from $1,75-billion in direct foreign investment over the next two years, as Aim-listed African Minerals moves ahead with its Tonkolili iron-ore project. The iron-ore and ...
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Mar 25, 2021The Minister of Mines and Mineral Resources, Musa Timothy Kabbah, on 20th March 2021, officially reopened the Tonkolili Iron Ore Mine, at a well-attended ceremony at Ferengbeya Village in Tonkolili District.
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African Business December 12th 2016 Sierra Leone Energy & Resources Chinese steel firm Shandong Iron and Steel Group plans to invest $700m iron ore processing plant at its Tonkolili mine in Sierra Leone. Shandong currently exports all of the ore it produces at its mine to the Port of Qingdao in China in an unprocessed state.
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Transforming an ore body into a revenue-generating mine in three years, particularly in a developing country, is no mean feat. But that's exactly what London-headquartered exploration and development company African Minerals (LSE: AMI) accomplished with its Tonkolili iron ore mine in Sierra Leone, West Africa.
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The Marampa mine is a brownfield haematite iron ore mine located approximately 150km north-east of Freetown in Sierra Leone, West Africa. "The first phase of development included the Tonkolili Iron Ore Mine, Sierra Leone 6 Key Data UK-based African Minerals (AML) through its subsidiary Tonkolili Iron Ore, is developing the Tonkolili iron ore ...
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Apr 5, 2022Its asset encompasses an open-pit Iron Ore Mine and surface operations located in Ferengbeya, and other chiefdoms in Tonkolili and a 192 KM Railway and an integrated train discharge, ore processing and ship loading Port located in Pepel, Northwest Sierra Leone. previous post $50 million Foreign Exchange Facility as Stabilization Measures next post
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The Tonkolili mine is located in the 01-2010 Mining Lease (originally issued to Tonkolili Iron Ore (SL) Limited, initially an African minerals company, now a SISG company). This Mining Lease is divided into an A and B part. ML 01A-2010 holds 107 km², ML 01B-2010 holds 125 km². Company website. The Shandong Iron&Steel Group website (in Chinese ...
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Shandong acquires Tonkolili iron ore mine from African Minerals Chinese steel company Shandong Iron and Steel Group said it had acquired the remaining 75% stake in the Tonkolili iron ore mine in Sierra Leone from the mining company African Minerals for over $170 million. Shandong now has 100% of equity in... Read More Mar 27, 2015 | News
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Oct 1, 2020By Mohamed Jaward Nyallay Kingho Mining, a subsidiary of the Chinese group Kingho Investment Company Limited, has taken over the Tonkolili Mines after months of tripartite negotiation which involved the Government of Sierra Leone, the Chinese Embassy and the company officials. The takeover was completed at a ceremony held in the northern town of Bumbuna and later at the mining
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Tonkolili - 3 projects in one. With just a single asset, AIM-listed African Minerals may be considered by some to be a junior in the mining sector, but its achievements place it in the major leagues writes Laura Cornish. The African Minerals ' story, and its Sierra Leone -based Tonkolili iron ore mine, is like a fairy tale.
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Tonkolili Iron Ore Project Sierra Leone. Huckbody Environmental has been commissioned by WorleyParsons and African Minerals Limited to manage the Environmental and Social Programme for this large iron ore project, which includes a 5.1 Billion tonne JORC compliant Mineral Resource reported for Numbara, Simbili and Marampon in Sierra Leone. The ...
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