Production at the Marampa
mine was halted in October 2014 when operator London Mining went into administration, blaming a toxic cocktail of Ebola, low prices and high costs.
AM had in turn stepped in to rescue London Mining, another U.K.-listed company that operated the Marampa
mine, also in Sierra Leone, that went bust late last year.
The bank opened the new branch in Lunsar town, Marampa
Chiefdom in the Northern Province.
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.
7 September 2011 - Finnish construction and engineering company Outotec Oyj (HEL:OTE1V) will supply magnetic separators worth EUR10m to the Marampa
iron ore project in Sierra Leone of UK-based miner London Mining Plc (OSL:LOND).
International Resource News-February 2, 2011--Cape Lambert Resources Ltd starts sale process for Marampa
iron ore project(C)1994-2011 ENPublishing - http://www.enpublishing.co.uk
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.
Yet another key factor is grain shape which, if unsuitable, can affect the separation adversely: when Mining Magazine's editor was involved in running the concentrator at the Marampa
iron ore mine in Sierra Leone, a plant with over 900 spirals, the results obtainable were heavily dependent on grain shape.
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.
The Timis Corp declared that it had effectively purchased the Marampa
Mine from the administrators, PwC.