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AMI.L News

African Minerals cuts 2012 sales guidance
11 Apr 2012

African Minerals cuts 2012 sales guidance

Iron ore group African Minerals reported a better-than-expected loss in 2011 but scaled back its sales target for the current year after giving an unc...

Chinese approve $1.5bn investment in African Minerals project
13 Feb 2012

Chinese approve $1.5bn investment in African Minerals project

African Minerals (AMI), the iron ore producer focused on Sierra Leone, says its Chinese partner has been given state approval for a $1.5bn investment ...

UPDATE: Friday broker round-up
14 Oct 2011

UPDATE: Friday broker round-up

Renishaw: finnCap downgrades from buy to hold, cuts target from 1,775p to 940p. Renishaw: UBS slashes target from 1,350p to 900p, neutral recommendat...

UPDATE: Monday broker round-up
3 Oct 2011

UPDATE: Monday broker round-up

Antofagasta: Citi upgrades to hold, target cut from 1,230p to 1,010p. Man Group: Citi has kept its hold/high risk rating and 190p target. Lonmin: Ci...

SISG will invest $1.5bn in African Minerals
1 Aug 2011

SISG will invest $1.5bn in African Minerals

Shandong Iron & Steel Group (SISG), the world's ninth largest steel group, will invest $1.5bn in African Minerals in return for a 25% shareholding in ...

African Minerals losses rise as costs mount
12 Apr 2011

African Minerals losses rise as costs mount

Sierra Leone-focused iron ore miner African Minerals saw losses more than double last year as operating expenses ramped up. The loss for 2010 from co...

African Minerals raises $307m
11 Nov 2010

African Minerals raises $307m

Sierra Leone-focused miner African Minerals has raised $307m (£191m) from a placing at 425p a share to get its huge Tonkolili project into production....

African Minerals forced to extend Shandong's Tonkolili deadline
29 Oct 2010

African Minerals forced to extend Shandong's Tonkolili deadline

African Minerals has had to give Shandong Iron & Steel (SISG) more time to complete due diligence as the Chinese prepare to pump $1.5bn into the AIM-l...