Tuesday, 25 June 2013

IMIC keen to unlock world class potential of Nkout

IMIC chairman says US$200mln Afferro takeover will unlock world-class potential of iron Cameroon ore asset. Haresh Kanabar, Chairman of International Mining & Infrastructure (LON:IMIC), reckons the US$200mln takeover of Afferro (LON:AFF CVE:AFF) will be transformational for Afferro's flagship project -- the 2.5bn tonne Nkout iron ore deposit in Cameroon. "We intend to deliver the infrastructure that will turn what is effectively a stranded asset into a commercial asset," he says.

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