Further to the reports, there is an interested paragraph in today's West Australian Page 72 at the bottom of article headed "Zuks toasting iron ore fortune"....quote:
"West Africa is becoming increasingly popular with investors because of the region's huge and largely untapped iron ore riches.
Rio Tinto and China's Chinalco want to develop the Simandou asset in Guinea while Franki Timis' plan for a massive venture in Sierra Leone gained momentum on Thursday when he convinced China Railway Materials Commercial Corp to invest 168 million pounds in his African Minerals vehicle. The deal should prove a boon for Tony Sage's Cape Lambert Rescources, which owns the nearby Marampa iron ore project" end quote
Go the Cape!
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