Iron ore producer African Minerals to go into administration

LONDON March 6 Reuters Sierra Leonefocused mining company African Minerals said on Friday it will appoint administrators after failing to repay its lender and partner in the Tonkolili iron ore project Shandong Iron and Steel Group After taking on some Iron ore producer African Minerals to go into administration

african minerals to abide by court order that bars bankruptcy filing - wsj.com london—the embattled sierra leone iron ore miner african minerals ltd said friday it has received two conflicting orders from its partner shandong iron and steel group the first of which could force the company into bankruptcy and the second which

lower iron ore price hurts fortescue - news.theage.com.au shares in iron ore producer fortescue metals group have fallen sharply after the price for iron ore dropped to a new five and a half year low fortescue shares were 13 cents or 61 per cent lower at $200 at 1151 aedt on tuesday around their lowest level

vale iron ore output hits record - heraldsun.com.au brazilian mining company vale said it ramped up production of iron ore and other key commodities in the fourth quarter despite sharply lower prices the world's largest iron ore producer said its output of the steelmaking ingredient rose 21 per cent in the

world's largest iron ore producer suffering from low prices, lack of steel demand - northlandsnewscenter.com duluth mn nncnowcom taconite mining companies along the iron range are watching closely as mines around the world suffer from plunging iron ore prices among other global issues a slowdown in china's economic growth has also hampered

iron ore producers steeled for hard times as commodity price slides and chinese ... - couriermail.com.au shares in the world's fourth biggest iron ore producer fortescue metals have touched a near sixyear low after weak commodity prices and flagging chinese demand spooked investors all miners were left counting the toll after the steelmaking ingredient

african minerals says no cash to meet debt payment - miningweekly.com african minerals said it did not have money to make a $17million coupon payment due february 10 two months after a cash crunch forced it to shut down its iron ore operations in sierra leone african minerals battered by an ebola outbreak in sierra leone

commodity slump forces bc iron to quit brazilian project, revalue mines - mining.com bc iron operates the nullagine iron ore mine in the pilbara in northwest western australia which is 25% owned by fortescue metals group australian junior iron ore producer bc iron asxbci has decided to abandon an early stage exploration joint venture

backer tries to seize african minerals' mine - thetimes.co.uk the feud between frank timis's african minerals and his chinese backers escalated last night as it emerged that shandong iron and steel has taken control of the londonquoted company's debt and is trying to seize its mine in sierra leone shandong iron

iron ore - goodnight price - mineweb.com the repercussions of plowing iron ore into an oversupplied market were in plain sight this week the price of iron ore concentrate dropped to a fresh fiveyear low media reports put the price of 62 percent iron ore shipped to qingdao china at $6679tonne

iron ore junior faces uncertain future after $870m loss - news.com.au mt gibson iron is considering its future and a potential move into commodities other than iron ore after suffering a massive half year loss the west australian junior iron ore miner plunged to an $870 million loss mostly due to a pit wall collapse that forced

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