African Minerals secures funding deal.
By Bryce Elder / www.ft.com
Published: April 3 2010 03:00
African Minerals , the largest company on Aim, rose 3.9 per cent to 370p after China Railway Materials signed a deal to fund development of an iron ore project in Sierra Leone.
The state-owned Chinese group will spend 167.8m pounds to take a 12.5 per cent stake in African Minerals, paying 500p per new share.
african developments, page-5
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