Gerald halts iron ore exports from Sierra Leone on government order; mining license in review

  • Monday, August 05, 2019
  • Source:ferro-alloys.com

  • Keywords:iron ore, China, Gerald, United Kingdom
[Fellow]European trading has been quiet although there are signs that the market may be establishing a price floor after months of steady price losses.

[Ferro-Alloys.comGerald Group subsidiary SL Mining has halted iron ore exports from Sierra Leone’s Marampa mine to comply with a request from the new mining ministry, which is reviewing the terms of the current license agreement, Gerald told Fastmarkets on Friday August 2.

Production at Marampa stopped on July 3 after a temporary suspension order issued by the new Minister of Mines and Mineral Resources, Foday Rado Yokie. The mine produces a high-grade iron ore concentrate of more than 65% of iron content. The first shipments were made in June this year and destined for China. (MetalBulletin)

 

  • [Editor:kangmingfei]

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