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African Minerals is looking at blending its iron ore with products from another mine in Sierra Leone to produce higher grade iron ore to sell in Europe.
African Minerals is looking at blending its iron ore with products from another mine in Sierra Leone to produce higher grade iron ore to sell in Europe.
According to Reuters:
With that deal now completed, African Minerals said it had agreed with Timis Corp to explore the possibility of blending products from its Tonkolili mine with ore from Marampa. If successful, it would be able to sell to European steelmakers at a significant premium to the price at which it sells to China.
Because of its lower quality, West African ore typically sells at a discount to the benchmark 62 percent iron price.