Chinese approve $1.5bn investment in African Minerals project

African Minerals (AMI), the iron ore producer focused on Sierra Leone, says its Chinese partner has been given state approval for a $1.5bn investment in the huge Tonkolili project.

African Minerals (AMI), the iron ore producer focused on Sierra Leone, says its Chinese partner has been given state approval for a $1.5bn investment in the huge Tonkolili project.

The Shandong Iron and Steel Group has also confirmed that testing of a trial shipment has been successful and that Tonkolili iron ore is of sufficient quality to satisfy the conditions of the agreement between the two companies.

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