Affero Mining has unveiled plans to divest its 38.5% stake in the Putu iron ore project located in Liberia to Lybica Holdings for $115m. Lybica, an associate company of Severstal Resources, currently owns 61.5% of the Putu joint venture project.
The Putu Iron Ore Company based in Grand Gedeh County, southeast Liberia has reportedly shut down operations in the county. Grand Gedeh County Senator G. Alphonso Gaye, who made the disclosure in plenary Tuesday, January 12, said the mining company has closed all its activities and subsequently, paid off all employees and contractors.
Russia's Severstal said that the company is pleased to announce that a Class "A" Mining License for the mining of iron ore in the Putu Mountain Range has been granted to Putu Iron Ore Mining Company Incorporated by Liberia's Ministry of Lands, Mines and Energy.
Monrovia — Months after FrontPageAfrica reported that Russian Iron Ore Company, Putu Mining, has shut down its activities in Liberia, Senator Alphonso Gaye of Grand Gedeh County has …
geologist at putu iron ore mining company · Experience: putu iron ore mining company · Location: Liberia · 1 connection on LinkedIn. View Peter Ballah's profile on LinkedIn, a professional community of 1 billion members.
Iron Ore Mining (or Putu) concessions. These particular concessions levy more investment dollars than any other concessions in Liberia, and they are the only companies that have started operations in the iron ore mining sector. ArcelorMittal and China Union have begun shipping iron ore. In 2013, Liberia's iron ore export was worth at least ...
Monrovia – Russian steel giant, Putu Mining, has pulled out of Liberia, Liberia's Minister of Lands, Mines, and Energy, Patrick Sendolo revealed during an appearance at the Liberian Senate. Report by Henry Karmo – henry.karmo@frontpageafricaonline Minister Sendolo said the company left because it could not handle the mining process singlehandedly. …
7.07.2014 July 07, 2014, Monrovia - OAO Severstal, one of the world's leading integrated steel and mining companies, is pleased to announce that a Class "A" Mining License for the mining of iron ore in the Putu Mountain Range has been granted to Putu Iron Ore Mining Company Incorporated (PIOM, subsidiary of OAO Severstal) by the Government of Liberia …
The Putu iron ore project is a 13 km long iron rich ridge within a 425 km² exploration tenement, located 130 km inland from the eastern coast of Liberia. It represents one of the largest iron ore reserves in the world, having estimated …
In 2014, the Government of Liberia issued a class A mining licence (for large-scale operations) to Putu Iron Ore Mining Company, a fully-owned subsidiary of Russian steel and mining major, Severstal. Severstal had since been looking for a partner to develop the 4.4 billion-tonne iron ore resource, which has an estimated preliminary CAPEX of $3 ...
Putu Iron Ore also contracted to build a two-lane paved all-weather road between Greenville and Zwedru, (6.6 Concerning Road Renovation) a railroad for both private and commercial operations and a ...
Putu IRON ORE Mining Inc., Baglor Town, Grand Gedeh, Liberia. 363 likes · 8 were here. The Putu Mountains is situated in Southeastern Liberia in West Africa and is rich in mineral deposits of gold,...
UK- and Canada-listed African Aura Mining has announced that it has received the last tranche in the amount of $4.2 million from the Russian steel and mining company Severstal for its stake in the Putu iron ore project in eastern Liberia, West Africa.. Severstal paid the first tranche of $8.3 million for the shares acquired in the original Putu project joint venture …
MONROVIA, LIBERIA-The Ministry of Mines and Energy has clarified what it called faked acquisition of the Putu Iron Ore Mine by a company calling itself Blue Ocean Liberia Mining Corporation.
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An independent mineral resource report has estimated a 3.2 billion tonnes deposit at OAO Severstal's Putu iron ore project in Liberia. Severstal is the majority stakeholder in the project …
The Putu Iron Ore Mining Company, a Russian steel giant, signed a Mineral Development Agreement (MDA) with Liberia on September 2, 2010. The company's operations, which ceased in 2016 ...
About the Putu Iron Ore Project. The Putu iron ore project is a 12km long iron rich ridge, located only 120km inland from the deepwater shoreline of eastern Liberia. In 2009 the Company announced ...
An updated resource estimate for the mine was announced in February 2011. The new estimate doubled the resources to 2.37 billion tons graded at 34.1% iron from the initial estimate of 1.08 billion tons at 37.6% iron. The resource is categorised into three mineral types: oxidised BIF (CAP) material, haematite BIF (HBIF) and …See more on mining-technology
The Putu Iron Ore Mining Company, a Russian steel giant, signed a Mineral Development Agreement (MDA) with Liberia on September 2, 2010. The company's …
The Putu Iron Ore Company based in Grand Gedeh County, southeast Liberia has reportedly shut down operations in the county. Grand Gedeh County Senator G. Alphonso Gaye, who made the disclosure in plenary …
T he Grand Gedeh Bar Association (GGBA) on Thursday, petitioned members of the county's legislators to push for the review of the Putu Iron Ore Mineral Development Agreement, which was signed some 10-years ago.. The Bar`s petition for a review is based on "Sections 31 Periodic Review" and "31.1 Profound Change in Circumstances" of the Agreement …
AFFERRO MINING INC. Afferro signs definitive sale and purchase agreement to divest interest in the Putu Iron Ore Project for a minimum of US$115 million cash consideration Further to the ...
Revenues from iron ore accounted for nearly half of the country's earnings prior to 1990. Since 2006 to date, the sector has attracted billions of dollars in investments from key players including ArcelorMittal, Bea Mountain, China Union, Liberty Gold, Hummingbird Resources, MNG Gold Liberia, Putu Iron Ore, amongst others. There are still ...
Monrovia – Russian steel giant, Putu Mining, has pulled out of Liberia, Liberia's Minister of Lands, Mines, and Energy, Patrick Sendolo revealed during an appearance at the …
The MDA was signed on September 2, 2010 between Putu Iron Ore and the Government of Liberia, and this was followed by an announcement that a Class A mining license for mining iron ore in the Putu Mountain Range in Grand Gedeh county has been granted to the company, which is a subsidiary of Severstal Russian Steel, a leading Russian steel producer.
Severstal announced that its indirect subsidiary Lybica Holdings BV has entered into a legally binding heads of terms agreement with Afferro Mining Inc and its wholly owned subsidiary Mano River ...
The Putu Iron Ore Mining Company, a Russian steel giant, signed a Mineral Development Agreement (MDA) with Liberia on September 2, 2010. The company's …
Severstal, Russia's second-largest steelmaker, reached agreement to acquire the remaining 38.5 percent stake in the Putu iron ore project from Afferro Mining Inc for an initial $65 million, plus a ...
MONROVIA — FrontPageAfrica has gathered from confidential documents and sources that the Liberian government has been opting through an agreement to allow Pioneer …
Information on valuation, funding, acquisitions, investors, and executives for Putu Iron Ore Project. Use the PitchBook Platform to explore the full profile.
Afferro Mining has received final approval from the TSX Venture Exchange to divest its stake in the Putu iron ore project, located in Liberia. January 17, 2012. Share ... Mining news and in-depth feature articles on the latest mining company deals and projects covering trends in mineral exploration with up to date data on the most mined metal ...
12/13/2011 - OAO Severstal’s indirect subsidiary Lybica Holdings B.V. has entered into a legally binding heads of terms agreement with Afferro Mining Inc. and its wholly owned subsidiary Mano River Iron Ore Holdings Ltd. for the purchase of 38.5% interest in the Putu Iron Ore Project. Severstal currently holds the remaining 61.5% ...
This report evaluates Putu Iron Ore Mining operations in southeastern Liberia. At the PIOM concession, full-scale mining has not yet commenced, and as such the local population is largely hopeful of future opportunities and the company enjoys a fairly strong reputation. However, there are signs for concern. In 2011 a riot at PIOM caused two deaths and necessitated an ERU …
Afferro Mining, the TSX-V / AIM listed exploration and development company with iron ore projects in Cameroon and Liberia, announces the filing of a technical report pursuant to National ...
The Putu iron ore project, owned by the Russian steel giant Severstal, has been in limbo since 2016, leaving local communities in a state of limbo as well. The story began in 2012, when Severstal acquired the Putu project, a 13-kilometer-long iron-rich ridge, from Afferro Mining for $122 million.
China Union Investment Company (Bong Mining Company) Western Cluster ; Sarama Resources Limited ; AmLib United Minerals ; Putu Iron Ore Mining Inc. Bea Mountain Mining Corporation ; Vale Liberia Limited ; Pedsam Mining Limited ; Liberty Gold & Diamonds Limited ; Dwe Resources ; AMEC Liberia Limited ; Mano River Iron Ore Resources (MARIO)
