african minerals new high in uk overnight, page-5

Tokyo,

perhaps this explains AML's price movement:

"African Minerals wins strategic Chinese partner for flagship Tonkolili iron ore project in Sierra Leone"


African Minerals Ltd (AIM: AMI) (AML) said the mineral exploration and development company with significant iron ore and base metal interests in Sierra Leone, West Africa, said it has entered into a conditional strategic agreement with state-owned China Railway Materials Commercial Corp (CRM) in respect of AML's flagship iron ore project at Tonkolili and the related infrastructure projects.

Subject to due diligence by CRM, the parties expect to execute on or around March 31 2010 definitive agreements for long term iron ore off-take, an investment by CRM in the company and the procurement of equipment and services relating to the project."

http://proactiveinvestors.co.uk/companies/news/11887/african-minerals-wins-strategic-chinese-partner-for-flagship-tonkolili-iron-ore-project-in-sierra-leone-11887.html


Progress on Tonkolili bodes well for Marampa's sale.

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