Cape Lambert to invest in Marampa Iron ore
Australian Cape Lambert Iron Ore Ltd announced an agreement that they will invest US$45 million to Marampa Iron Ore Project, a subsidiary of African Minerals Limited. Cape Lambert will buy Marampa’s iron ore project in Sierra Leone, West Africa by stocks and cash. Marampa has metallurgical processing for producing a high grade iron ore. This investment can help Cape Lambert to complete its vision of iron ore mining.
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