opencast.mining African Minerals (LSE: AMI) published its interim results this week, but despite news that iron ore production rose by 58% during the first half of the year, the company's share price is still 90% lower than it was at the start of 2014.
Feb 10 (Reuters) - African Minerals Ltd said it did not have money to make a $17 million coupon payment due Feb. 10, two months after a cash crunch forced it to shut down its iron ore operations in Sierra Leone.
The chief executive of African Minerals has resigned just six months after joining the troubled iron ore miner which has seen its shares suspended from Aim and been forced to shut operations at its largest mine.
... born Mr Moseray Fadika have assured President Koroma of “strong commitment and willingness to re-commence mining operations in the country by mid-April, 2015” as debt owed by African Minerals Limited (AML) has been bought by the Chinese group.
African Minerals Limited logo African Minerals Limited (LON:AMI) has been assigned a consensus recommendation of “Sell” from the five brokerages that are currently covering the stock, Market Beat Ratings reports.