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  • Afferro Mining $190m takeover approved by Canada | MINING

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    Cameroon-focused iron ore miner Afferro Mining (TSX-V:AFF) (AIM:AFF) said Thursday it has got the go-ahead for a $190 million takeover by International Mining & Infrastructure Corp (IMIC). The

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    Afferro Mining says metallurgy tests have highlighted the potential for a low-cost mining operation at the Ntem iron ore project in SW Cameroon delivering a highly marketable concentrate between 68.5% and 65.2% Fe. Chief executive Luis da Silva says the results support the exciting economics of a small-scale operation at Ntem.

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