Cape Lambert to invest in African iron-ore project
London-listed explorer African Minerals reported on Monday that it has agreed to develop its Marampa iron-ore project, in Sierra Leone, with Australian explorer Cape Lambert Iron Ore.
Executive chairperson Frank Timis said:
We look forward to having Cape Lambert as an investor in the Marampa project. They bring with them substantial experience and expertise in the iron-ore industry, as shown by the recent sale of their major iron-ore project to the China Metallurgical Group Corporation.
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Mon, Sep 1, 2008
Post by Melissa Pistilli, Iron Senior Reporter