The bank opened the new branch in Lunsar town, Marampa
Chiefdom in the Northern Province.
London Mining, owners of the Marampa
project in Sierra Leone, went into administration in October, although Frank Timis, African Minerals' chairman, quickly struck a deal to buy the deposit through his Timis Corporation vehicle, with backing from Cape Lambert Resources, an Australian mineral developer.
to the London Mining Marampa
royalty contract was impacted by two
The deal covers transportation services for TMC's Marampa
product using AML's rail and port operations.
Major successes in Sierra Leone include its work for African Minerals at Tonkolili iron ore mine and for T London Mining at Marampa
iron ore mine.
Mr Loveday's iron ore processing and design experience has included testwork and process studies for Weld Range, the Rio Tinto Low Grade Pilot Plant and Extension Hill in WA, Roper Bar in the Northern Territory, Marampa
in Sierra Leone, Sesa Goa - Dempo in India and Bomi Hills in Liberia.
Cape Lambert Signs Investment Agreement with Marampa
Iron Ore II-28
London Minerals is exploiting iron-ore at the Marampa
mine, Koidu Holdings is exploiting kimberlite diamond mines in Kono, oil-deposits have been found off the coast and the country also boasts gold, bauxite and titanium ore.
London Mining, miner of iron ore at Marampa
, Sierra Leone, calls in the administrators.
royalty contract and the holding in London Mining's
The Timis Corp declared that it had effectively purchased the Marampa
Mine from the administrators, PwC.
Cape Lambert Resources Limited (ASX:CFE) continues to advance its 100% owned Marampa
Iron Ore Project in Sierra Leone, West Africa towards a possible late 2012 production start-up.