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LONDON (Alliance News) - West African Minerals Corp Monday said test work at its Binga iron ore project in Cameroon has confirmed the opportunity to mine saleable magnetite concentrate and the positive benefits of using low intensity separation techniques. The iron ore mining and exploratio
LONDON (Alliance News) - West African Minerals Corp Wednesday said it had raised about GBP2.44 million in a further placing, funds it will use to provide additional working capital and to accelerate the development of its Binga licence zone. The iron ore mining and exploration company had r
LONDON (Alliance News) - The FTSE 100 is on the verge of snapping a five day losing streak Wednesday, led higher by the likes of RSA Insurance Group, which unveiled its new chief executive, and GlaxoSmithKline, which has just reported strong results.
AIM-listed West African Minerals has placed just under 52.8m shares at 7p each to raise funds the development of the Binga licence zone.
Specifically, the proceeds of the placing, which raised £3.7m before expenses, will fund a staged work programme on the licence zone in 2014. Depending on the re
LONDON (Alliance News) - West African Minerals Corp Wednesday said it has raised about GBP3.7 million in a placing of 52.8 million shares at 7 pence each as well the issue of one warrant for every two placing shares, and will use the money to fund the development of its Binga license zone in Sier