Inactive Instrument

African Minerals Limited

AMLZ.F

BMG0114P1005

African Minerals Limited Announces Resignation of Alan Watling from the Board and as Chief Executive Officer, Effective May 1, 2012

May 01, 2012 at 11:30 am IST

African Minerals Limited announced that Alan Watling, Chief Executive Officer (CEO) of the company, has notified the Board of his intention to retire on May 1, 2012, resigned from the Board and as CEO. The successful commencement of operations at the Tonkolili project in December 2011 marked completion of the 14 month development from a greenfield project into a fully integrated mine, rail and port operation, which was overseen by Mr. Watling. Mr. Watling will be available to support the company as required to effect a handover of responsibilities.

Latest news about African Minerals Limited

Leadenhall Australia Pty Ltd and Noble Investments Superannuation Fund Pty Ltd acquired 5.55% stake in Cape Lambert Resources Limited from African Minerals Limited (OTCPK:AMLZ.F) for AUD 0.32 million.	26/16/26	CI
Shandong Iron and Steel Group Co Ltd acquired the remaining 75% stake in Tonkolili Iron Ore Ltd. from African Minerals Ltd for $170 million.	20/15/20	CI
Cui Jurong Resigns as Non-Executive Director of African Minerals Limited	17/15/17	CI
Alan Watling Resigns as Chief Executive Officer and Director of African Minerals Limited	16/15/16	CI
African Minerals Limited Announces the Resignation of Ian Cockerill as Director	29/14/29	CI
African Minerals Limited Announces Operating Results for the Third Quarter of Fiscal 2014	01/14/01	CI
African Minerals Limited Announces Unaudited Consolidated Earnings and Production Results for the Six Months Ended June 30, 2014; Provides Production Guidance for the Third Quarter of 2014, Full Year of 2014 and Full Year 2015	30/14/30	CI
African Minerals Seek To Sell Stake In Mine	30/14/30	CI
African Minerals Limited Announces Change of Directors	22/14/22	CI
African Minerals Limited Announces Executive Changes	15/14/15	CI
African Minerals Limited Announces Resignation of Dermot Coughlan as Independent Non-Executive Director	16/14/16	CI
African Minerals Limited Reports Production Results for the Second Quarter 2014	03/14/03	CI
African Minerals Limited Announces Results of Phase 2 Friable Hematite Concentrator Engineering Study	03/14/03	CI
African Minerals Limited Announces Unaudited Consolidated Earnings Results for the Year Ended December 31, 2013	30/14/30	CI
Tianjin Materials & Equipment Group Corporation cancelled the acquisition of 10% stake in Tonkolili project from African Minerals Limited.	30/14/30	CI
African Minerals Limited Auditor Raises 'Going Concern' Doubt	30/14/30	CI
African Minerals Limited Announces Production and Earnings Results for First Quarter of 2014	21/14/21	CI
African Minerals Limited Provides Update to Direct Shipping Ore Resource at Tonkolili	14/14/14	CI
African Minerals Limited Announces Unaudited Consolidated Earnings and Production Results for the Full Year Ended December 31, 2013; Provides Production Guidance for the Full Year of 2014	03/14/03	CI
Tonkolili Iron Ore Limited Appoints African Minerals as the Engineer for the Front End Engineering Design for Phase II of Tonkolili Project	17/14/17	CI
African Minerals Limited Reports Production Results for the Fourth Quarter and Year Ended December 31, 2013; Provides Project Update	27/14/27	CI
African Minerals Limited Announces Sales Results for the Fourth Quarter and Full Year of 2013	10/14/10	CI
African Minerals Limited announced that it has received £244.55 million in funding from Tewoo Group Co., Ltd.	31/13/31	CI
African Minerals Limited Reports Production Results for the Third Quarter and Nine Months Ended September 30, 2013; Provides Sales Guidance for 2013	05/13/05	CI
African Minerals Limited announced that it expects to receive £244.55 million in funding from Tianjin Materials & Equipment Group Corporation.	26/13/26	CI

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Company Profile

African Minerals Limited is a minerals exploration, development and mining company. The Company is focused on the development and mining of the iron ore deposit at Tonkolili and its related rail and port infrastructure. Tonkolili has a JORC compliant ore resource of 12.8Bnt which extends over a combined strike length of 30 kilometers, and includes a substantial direct shipping ore and Saprolite mineral resource overlying a very large magnetite orebody. The Tonkolili project has a mine-life in excess of 60 years, is being developed in a number of staged expansions. The Company has also developed significant port and rail infrastructure to support the operation of the project, via its subsidiary African Rail and Port Services (SL) Limited, in which the Government of Sierra Leone has a 10% free carried interest.

Sector

Iron & Steel

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Sector Iron Ore Mining

	1st Jan change	Capi.
VALE S.A.	-20.47%	47.7B
NMDC LIMITED	+19.08%	9.06B
KUMBA IRON ORE LIMITED	-28.98%	7.83B
SHOUGANG HIERRO PERU S.A.A.	+0.91%	5.85B
CSN MINERAÇÃO S.A.	-33.97%	5.13B
NMDC STEEL LIMITED	+11.23%	2.02B
HAINAN MINING CO., LTD.	-0.30%	1.76B
HBIS RESOURCES CO., LTD.	+3.99%	1.57B
DETERRA ROYALTIES LIMITED	-23.72%	1.4B

Iron Ore Mining