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Update on Cape Lambert/Marampa Infrastructure

14 Oct 2010 07:00

RNS Number : 3553U

African Minerals Ltd

14 October 2010

African Minerals Limited

("African Minerals" "AML" or "the Company")

Update on Cape Lambert Resources/Marampa Infrastructure Transaction

African Minerals Limited (AIM:AMI), the iron ore project development company that is developing the Tonkolili project in Sierra Leone, West Africa, announces that, further to its press release of 16 July 2010, AML continues to work together with Cape Lambert Resources Limited (ASX: CFE) ("Cape Lambert") regarding Cape Lambert's planned US$45M investment in the Marampa/Pepel rail and port infrastructure. Documentation of the agreements in connection with the investment continues to be progressed but is not expected to be finalised by 14 October 2010 as originally envisaged.

Accordingly, the parties have together agreed a revised long stop date of 31 January 2011 for completion of the documentation for the various agreements associated with the transaction. The Company will provide further updates in due course.

Enquiries:

African Minerals Limited	Tel: +44 (0) 1481 726833
Alan Watling

Canaccord Genuity Limited	Tel: +44 (0) 20 7050 6500
Robert Finlay
Guy Blakeney
Mirabaud Securities Limited	Tel: +44 (0) 20 7878 3360
Rory Scott Pav Sanghara

Pelham Bell Pottinger Limited	Tel: +44 (0) 20 7861 3232
Klara Kaczmarek Philip Dennis

This information is provided by RNS

The company news service from the London Stock Exchange

END

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Date		Source	Headline
18th Sep 2006	9:31 am	RNS	Sale from Alluvial Operations
31st Aug 2006	4:21 pm	RNS	Additional Listings
31st Aug 2006	4:19 pm	RNS	Director's Share Dealing
29th Aug 2006	12:52 pm	RNS	Holding(s) in Company
1st Aug 2006	2:39 pm	RNS	Corporate Update
12th Jul 2006	10:25 am	RNS	Death of Martin Dunham
3rd Jul 2006	2:53 pm	RNS	Holding(s) in Company
3rd Jul 2006	7:30 am	RNS	Production Estimates
3rd Jul 2006	7:01 am	RNS	Response to approach
29th Jun 2006	2:51 pm	RNS	Directors Share Dealings
29th Jun 2006	7:01 am	RNS	Final Results
23rd May 2006	7:01 am	RNS	Holding(s) in Company
18th May 2006	7:00 am	RNS	Additional Listing
9th May 2006	4:30 pm	RNS	Holding(s) in Company
2nd May 2006	7:01 am	RNS	Directors Share Dealings
27th Apr 2006	7:02 am	RNS	Director Share Dealings - Rep
26th Apr 2006	12:41 pm	RNS	Directors Share Dealings
11th Apr 2006	3:18 pm	RNS	Operational update
9th Feb 2006	12:48 pm	RNS	Additional Listing
31st Jan 2006	2:47 pm	RNS	Comments on Share Price
24th Jan 2006	7:00 am	RNS	Grant of Mining Lease
20th Dec 2005	7:00 am	RNS	Exploration Licence Update
30th Nov 2005	3:47 pm	RNS	Holding(s) in Company
30th Nov 2005	7:01 am	RNS	3rd Quarter Results
27th Sep 2005	7:01 am	RNS	Exploration Update
9th Sep 2005	12:29 pm	RNS	Board Appointment
1st Sep 2005	7:01 am	RNS	Interim Results
22nd Jul 2005	3:42 pm	RNS	Directors Shareholding
21st Jul 2005	2:46 pm	RNS	Directorate Change
20th Jul 2005	12:18 pm	RNS	Director/PDMR Shareholding
15th Jul 2005	10:00 am	RNS	Directorate Change
11th Jul 2005	4:19 pm	RNS	Director/PDMR Shareholding
8th Jul 2005	2:38 pm	RNS	Directorate Change
17th Jun 2005	12:16 pm	RNS	Holding(s) in Company
31st May 2005	9:23 am	RNS	1st Quarter Results
26th May 2005	5:30 pm	RNS	Distribution to shareholders
19th May 2005	7:02 am	RNS	Operational Update
28th Apr 2005	7:00 am	RNS	Preliminary Results
21st Apr 2005	4:29 pm	RNS	Distributions to shareholders
31st Mar 2005	7:00 am	RNS	Directorate Change
29th Mar 2005	7:30 am	RNS	Suspension - American IT Ltd
15th Mar 2005	2:14 pm	RNS	Holding(s) in Company
15th Feb 2005	7:00 am	RNS	Directorate Change
10th Feb 2005	10:25 am	RNS	Sierra LeoneDiamond TIDM Code

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