IMIC signs Chinese iron ore offtake agreement for Nkout

by | September 2, 2013 10:22 am

Africa-focused mining and infrastructure firm IMIC said on Monday it signed an offtake agreement with Chinese group Hebei Iron and Steel for iron ore produced from the Nkout project in Cameroon, which IMIC is in the process of acquiring. Junior miner Afferro, agreed to a $190 million cash-and-paper offer for the company from IMIC in…

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