Sierra Leone News: African Minerals 2013 sales volumes jump by 8million tonnes

Business

African Minerals Ltd (AML) said Monday that its sales volumes jumped by 8 million tonnes from 4.1 million tonnes in 2012 to 12.1 million tonnes in 2013 as a result of increased shipments. The iron ore miner says its 2013 Q4 sales volumes increased by one million above its Q3 volumes to 3.8 million tonnes, chalking up a further record 9 shipments during December. The Company announced further that it had achieved its previous export guidance of 11 to 13 million tonnes in 2013. AML said it expects its phase II expansion at Tonkolili to start by the end of 2014 and a concentrator at the site is expected to be commissioned in 2016. Its focus for 2014 is to achieve a 20 million tonnes per year of sustainable production run rate. Friday January 31, 2014

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