The squeeze on margins has been further complicated by the outbreak of Ebola, which has prompted most western companies in the region to withdraw their expat workers. African Minerals and fellow West African iron ore miner Bellzone Resources have seen their share prices plummet by about 90 per cent this year on the back of the issues. The Marampa mine employs 1400 people and has sufficient resources to support 40 years of production
its all about Ebola + IO prices ...
when either 1 of those conditions improves ... then CFE sp will do very well !
first they must secure the deal ..while its still under stress..that time is now.
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- Ann: Cape Lambert US$20M Funding Agreement to Timis Mining Corp
Ann: Cape Lambert US$20M Funding Agreement to Timis Mining Corp, page-55
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