20
Dec
11:00
Genmin’s prospective Gabon ore mine finds Chinese buyers
African iron ore exploration company Genmin Limited (GL) has inked two non-binding memorandums of understanding with China Minmetals Corporation (Minmetals) and Changzhou Dongfang Special Steel (CDSS) for potential offtake agreements. Supply would be from its 100%-owned Baniaka Iron Ore Project, located in Gabon, Genmin says in a note seen by Kallanish.
The parties aim to enter into legally-binding offtake agreements by 30 June 2023. According to these, the p…
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