African Minerals Limited

African Minerals Limited

African Minerals Limited (“the Company”, “African Minerals”, or “AML”), the mineral exploration and development company with significant iron ore and base metal interests in Sierra Leone, West Africa. The Company holds an extensive portfolio of mineral rights in Sierra Leone, a country in which it has been actively investing since 2003. Sierra Leone is a mineral rich country which has been largely unexplored and has recovered quickly from a period of instability. Elections held in Sierra Leone during 2007 resulted in a smooth handover of power demonstrating a successful African democracy.

African Minerals completed the country’s first aeromagnetic survey during 2004 and subsequent exploration programmes and multi-element sampling analysis have resulted in the Company assembling a large mineral exploration portfolio in Sierra Leone. The Company is particularly excited by the progress at its flagship project, the Tonkolili iron ore project, where a JORC compliant magnetite resource of 10.5 Billion tonnes has been prepared by SRK Consulting (UK) Limited. This is the world’s largest reported JORC compliant magnetite iron ore mineral resource and African Minerals is in a very strong position to realise the full potential of the Project and compete alongside leading iron ore producers in supplying international steel markets. Additional exploration activities at Tonkolili have also confirmed the potential for 800 Million tonnes of hematite mineralisation. The Company signed a lease agreement with the Government of Sierra Leone in November 2008 over key rail and port infrastructure. Dependent upon the results of engineering studies, the Company will refurbish and construct rail and port facilities to accommodate its iron ore production and shipping capacity requirements and provide third party access at commercial rates.

Contact Details

Office Address

African Minerals Limited
Hirzel Court, Ste. F5
St. Peter Port, Guernsey, Channel Islands, Guernsey GY12NW
Phone: +44-0-1481-726-833



Vasile (Frank) Timis

CEO and Director

Alan S. Watling

Business Reviews for African Minerals Limited

Related Companies