17th Sep 2009 11:09
17 September 2009
African Minerals Limited
("African Minerals" or "the Company")
Update on Strategic Discussions
African Minerals Limited (AIM:AMI), the mineral exploration and development company with significant iron ore and base metal interests in Sierra Leone, West Africa, confirms that it is in advanced discussions with Eurasian Natural Resources Corporation plc (LSE: ENRC) and several large industrial corporations in Asia, which could involve an offer for the Company or the funding of the development of its world-class iron ore asset at Tonkolili.
There is no certainty at this stage, however, that discussions will lead to a corporate transaction. Further announcements will be made in due course, as appropriate.
Enquiries:
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African Minerals Limited |
Tel: +44 (0) 1481 726833 |
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Frank Timis Alan Watling |
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Canaccord Adams Limited |
Tel: +44 (0) 20 7050 6500 |
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Mike Jones Robert Finlay |
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Mirabaud Securities Limited |
Tel: +44 (0) 20 7878 3360 |
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Rory Scott Pav Sanghara |
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Pelham Public Relations Limited |
Tel: +44 (0) 20 7337 1500 |
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Charles Vivian |
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James Macfarlane |
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Klara Kaczmarek |
Related Shares:
AMI.LENRC.L