UPDATE: Afferro Mining non-exec stands down
---adds broker comment--- One of Afferro Mining's (LON:AFF CVE:AFF) independent non-executive directors, Ousmane Kane, has resigned to concentrate on his other role as vice chairman of African Iron...
View ArticleAfferro Mining reveals encouraging early results from fourth Cameroon...
Afferro Mining (LON:AFF, TSE:AFF) has revealed some early encouraging exploration results from its Akonolinga permit in Cameroon. Surface sampling found grades of up to 58.5% iron, while trenching work...
View ArticleUPDATE: Afferro Mining reveals encouraging early results from fourth Cameroon...
--adds broker comment— Afferro Mining (LON:AFF, CVE:AFF) has revealed some early encouraging exploration results from its Akonolinga permit in Cameroon. Surface sampling found grades of up to 58.5%...
View ArticleAfferro Mining reveals 'outstanding' metallurgical test results
Afferro Mining (LON:AFF, CVE:AFF) has unveiled what it called “outstanding metallurgical” test results, which it says have the potential to reduce capital and operating costs at its flagship Nkout...
View ArticleUPDATE: Afferro Mining reveals 'outstanding' metallurgical test results
---Adds broker comment--- Afferro Mining (LON:AFF, CVE:AFF) has unveiled what it called “outstanding metallurgical” test results, which it says have the potential to reduce capital and operating...
View ArticleAfferro Mining says negotiations progressing, though Jindal talks have ended
Afferro Mining (LON:AFF, CVE:AFF) said that negotiations with potential strategic partners and would-be bidders for the entire company are “progressing”. AIM-listed Mining and Infrastructure...
View ArticleAfferro drilling points to high-grade, low cost extension to Cameroon project
Afferro Mining’s (LON:AFF, CVE:AFF) latest drilling programme on the Nkout iron project in Cameroon appears to have identified potential to mine direct shipping ore from the project. It has also...
View ArticleAfferro Mining prepares to team up with Korea's POSCO in Cameroon
Afferro Mining (LON:AFF, CVE:AFF) is close to sealing a deal with one of the world’s largest iron and steel companies, which would fund the development of its assets in Cameroon. The African arm of...
View ArticleAfferro Mining prepares to team up with Korea's POSCO in Cameroon
Afferro Mining (LON:AFF, CVE:AFF) is close to sealing a deal with one of the world’s largest iron a steel companies, which would fund the development of its assets in Cameroon. The African arm of...
View ArticleUPDATE: Quality of Afferro Mining's asset base highlighted by tie-up
Afferro Mining’s (LON:AFF, CVE:AFF) link-up with Korean giant POSCO underlines the quality of its assets, according to research house Edison. Afferro revealed today it is close to sealing a deal with...
View ArticleAfferro reveals encouraging drill results from a second Cameroon iron ore...
Afferro Mining (LON:AFF, CVE:AFF) this morning unveiled some encouraging drill results from its Ntem iron ore project in Cameroon. The highlights of the 23-hole project include 107 metres from surface...
View ArticleAfferro reveals encouraging drill results from a second Cameroon iron ore...
Afferro Mining (LON:AFF, CVE:AFF) this morning unveiled some encouraging drill results from its Ntem iron ore project in Cameroon. The highlights of the 23-hole project include 107 metres from...
View ArticleUPDATE: Afferro reveals encouraging drill results from a second Cameroon iron...
--ADDS SHARE PRICE, PRICE TARGETS AND BROKER COMMENTARY-- Afferro Mining (LON:AFF, CVE:AFF) this morning unveiled some encouraging drill results from its Ntem iron ore project in Cameroon. The...
View ArticleAfferro Mining focused on strategic tie-up
Afferro Mining (LON:AFF, CVE:AFF) says its main AIM for 2013 is to secure a strategic partnership for its flagship Nkout project in Cameroon. The company has been thrashing out the terms of an alliance...
View ArticleWest African iron ore companies: mind the gap, broker says
Investec has been casting its eye over West African iron ore companies and identified what it calls a “value abyss” between the undeveloped ones and the developed companies. The latest research from...
View ArticleAfferro Mining receives takeover proposal from IMIC
Afferro Mining (LON:AFF, CVE:AFF) has received an early stage takeover approach from International Mining & Infrastructure Corporation (LON:IMIC) worth between 100p and 140 per share. AIM-listed...
View ArticleUpdate: Afferro Mining receives takeover proposal from IMIC
-- adds IMIC chairman comment-- Afferro Mining (LON:AFF) has received an early stage takeover approach from International Mining & Infrastructure Corporation (LON:IMIC) worth between 100p and 140...
View ArticleUPDATE: Afferro Mining hails "excellent" metallurgical results from Ntem
---ADDS BROKER COMMENT--- Afferro Mining (LON:AFF) this morning described the metallurgical result from its Ntem deposit in south-west Cameroon as “excellent”. The group said they highlight the...
View ArticleUPDATE: Afferro says Ntem maiden resource estimate part of drive to early...
---ADDS BROKER COMMENT, SHARE PRICE--- Afferro Mining (LON:AFF, CVE:AFF) has passed an important landmark in its drive to early cash flow by compiling a maiden resource estimate on its Ntem iron ore...
View ArticleUPDATE: Afferro says Ntem maiden resource estimate part of drive to early...
---ADDS BROKER COMMENT, SHARE PRICE--- Afferro Mining (LON:AFF, CVE:AFF) has passed an important landmark in its drive to early cash flow by compiling a maiden resource estimate on its Ntem iron ore...
View ArticleAfferro bid talks continue; IMIC appoints strategic adviser
Iron ore explorer Afferro Mining (LON:AFF, CVE:AFF) said talks are continuing with would-be buyer International Mining and Infrastructure Corporation (LON:IMIC) following confirmation the latter has...
View ArticleIMIC agrees in principle to buy Afferro for £126mln
International Mining & Infrastructure Corporation (LON:IMIC) has agreed in principle to acquire Cameroon-focused iron ore development group Afferro (LON:AFF) (CVE:AFF) for £126mln. Investors are...
View ArticleUPDATE: Afferro Mining results underline its strong financial position
--ADDS SHARE PRICE AND BROKER COMMENT--- The release of Afferro Mining’s (LON:AFF) quarterly results underlined its strong financial position. However, the stock succumbed to a bout of profit-taking...
View ArticleAfferro Mining upgrades high end resources at Nkout
Bid target Afferro Mining (LON:AFF) has unveiled a major upgrade to the resource at its flagship iron ore project at Nkout in Cameroon. The direct shipping ore (DSO) and high grade saphrolite indicated...
View ArticleIMIC increases stake in bid target Afferro Mining
International Mining & Infrastructure Corporation (LON:IMIC) has increased its stake in its takeover target Afferro Mining (LON:AFF, CVE:AFF) to 9.94% through the purchase of an additional 5.2 mln...
View ArticleIMIC boosts Afferro shareholding further
International Mining & Infrastructure (LON:IMIC) now owns 19.15% of fellow AIM-listed African miner Afferro Mining (LON:AFF) (CVE:AFF) after buying another million shares. It has now bought just...
View ArticleAfferro Mining shareholders to vote on IMIC takeover next month
Afferro Mining (LON:AFF, CVE:AFF) has revealed it will hold a special meeting with shareholders on September 16 to vote on the takeover bid from AIM-listed iron ore peer International Mining &...
View ArticleAfferro Mining shareholders to vote on IMIC takeover next month
Afferro Mining (LON:AFF, CVE:AFF) has revealed it will hold a special meeting with shareholders on September 16 to vote on the takeover bid from AIM-listed iron ore peer International Mining &...
View ArticleIMIC extends date for Afferro takeover
International Mining & Infrastructure Corporation (LON:IMIC) has pushed back the date by which it must complete theAfferro Mining (LON:AFF) (CVE:AFF) takeover. The company now has until October 31...
View ArticleAfferro Mining shareholders approve IMIC takeover
Afferro Mining (LON:AFF) (CVE:AFF) says that its shareholders have voted for iron ore peer International Mining & Infrastructure (LON:IMIC) to acquire the company in a US$200 million deal, at a...
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