Tonkolili iron-ore project

African Minerals has entered into a memorandum of understanding (MoU) with China-based import and export enterprise Tianjin Materials and Equipment Group Corporation (Tewoo) in respect of the Tonkolili iron-ore project and its associated infrastructure in Sierra Leone. African Minerals would also form a joint venture with Tewoo to investigate the development, construction and operation of a blending facility at Tianjin port, with a view to souring, blending, marketing and selling blended products into China.

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