AFRICAN MINERALS Ltd. PLACED IN CARE AND MAINTENANCE

A significant drop in Iron Ore prices, along with the appearance of the Ebola pandemic in Sierra Leone,

has forced the mining giant to stop all production and export operations until further notice.

According to a notice issued by African Minerals Limited on its company website (www.african-minerals.com/media/press-releases/financing-and-operations-update), the project has been placed in Care and Maintenance until further notice.

Operations to be put on care and maintenance until such time as $102m restricted cash is released and/or, AML secures additional short term funding.

Controlled shut down initiated at operations in Sierra Leone due to insufficient working capital, severely impacted by low iron ore prices, which has prevented implementation of cost reduction strategies.

Read more @ www.african-minerals.com/media/press-releases/financing-and-operations-update

  • African Minerals railway maintenance
  • African Minerals railway maintenance
  • African Minerals railway maintenance
  • African Minerals railway maintenance
  • African Minerals railway maintenance

African Minerals - Sierra Leone

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About AML

African Minerals Limited is a minerals exploration, development and mining company with significant interests in Sierra Leone. It is listed on the Alternative Investment Market (AIM) of the London Stock Exchange, and is now headquartered in London, United Kingdom.

Goto African minerals website.

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