African Minerals Mining News

African Minerals sued by Sierra Leone villagers

African Minerals Limited (OTCMKTS:AMLZF) is being sued in a London court over allegations that it evicted residents and violently mistreated workers and villagers living close to one of its mines in Sierra Leone.

African Minerals halts trading, shuts down Sierra Leone assets

Iron ore project will remain suspended until the company either releases $102 million in restricted cash or can secure other short term funding.

China puts $6bn valuation on 20mtpa Sierra Leone iron ore mine

Shares of African Minerals surged 47% on Thursday after one of China's largest iron-ore trading companies injected $990 million into its Tonkolili mine.