Gabon : inside iron ore group Genmin backed by Anglo American
The Perth-based junior recently received a $10 million advance on royalties from Anglo American for its Baniaka project, which will rely on Setrag. The latest feasibility study anticipates an investment cost of $150 million for the Australian company, whose directors include a former Eramet boss in Gabon.
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▪ Gabon : inside iron ore group Genmin backed by Anglo American
▪ The Perth-based junior recently received a $10 million advance on royalties from Anglo American for its Baniaka project, which will rely on Setrag. The latest feasibility study anticipates an investment cost of $150 million for the Australian company, whose directors include a former Eramet boss in Gabon.
▪ https://www.africabusinessplus.com/en/812693/who-is-behind-iron-ore-genmin-group-in-gabon-being-backed-by-anglo-american/
This could be a milestone for Genmin‘s Baniaka iron ore project in Gabon. The Australian junior will receive $10 million in advance royalties from British giant Anglo American.
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