February 4, 2011 - SEM"Leading iron ore project Development...

February 4, 2011 - SEM

"Leading iron ore project Development Company in Sierra Leone, African Minerals Limited (AML) has finalised its secured loan facility agreement with final commitments amounting to $417.7m."

"this new secured loan facility, together with the year end cash position and the subsequent receipt of $46m from CRM, provides pro forma available funds of $836m."

"In a related move AML has just appointed John (Jack) Rowley as Chief Operating Officer, effective immediately. Jack Rowley, aged 51, was, between 2002 and 2008, founding shareholder and Managing Director of Calibre Global Pty Ltd, which specialised in Engineering, Procurement, Construction Management (EPCM) delivery to the major participants in the iron ore industry providing services covering all operations from pit to port. Calibre's principal customers were Rio Tinto and BHP Billiton's Australian operations across greenfield, brownfield and expansion projects in projects such as Eastern Range, Yandicoogina, West Angelas, Cape Lambert, Nelson Point, Pilbara, Port Headland and Brockman."

http://www.sierraexpressmedia.com/archives/19134