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26 Oct
11:44

Genmin inks iron ore offtake agreement with Baowu

African iron ore exploration company Genmin Limited (GL) has inked a non-binding memorandum of understanding with Chinese conglomerate Baowu Resources Holding Co Ltd for a potential offtake agreement. Genmin has agreed to supply from its 100%-owned Baniaka Iron Ore Project, located in Gabon, the firm says in a bourse filing seen by Kallanish. Yearly, the miner will sell and deliver 1.2 million tonnes of fines, 0.5mt of lump, and 0.4mt of pellet feed product…
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