07
Jul
08:17
Anglo American partners with Gabon iron ore mine
Australian iron ore explorer and developer Genmin Limited has inked a royalty agreement with Anglo American Marketing, a subsidiary of Anglo American, over the Baniaka iron ore project in Gabon, along the Atlantic coast.
Anglo American will pay Genmin subsidiary Gabon Iron Ore (GIOL) $10 million for a 1% sales royalty from the first 75 million tonnes of iron ore products produced and sold from Baniaka. Genmin will have the right to buy bac…
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Anonymous
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