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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 ...
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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.
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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.
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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 …
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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 ...
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Executive SummaryAfrican Aura Mining (LON:AAAM) is a mineral mining company that is located in Liberia and that has interests in gold and iron ore projects. The company is listed on...--> Login Get Started. 1. ... to its 59% stake in Stellar Diamonds (LON:STEL), the company owns assets including the New Liberty gold project and Putu iron ore ...
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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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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% ...
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Putu Iron Ore Mining, Inc., Mano River Iron Ore, Ltd., Concession, 2010 visualiser le document; PDF; ... US$3 million in 2016 and 2017. Commencing in 2018 through the term, the Company shall pay an annual social contribution of $3 million or more. Page 52 ( Arts. 8.1 and 8.2 ...
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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 …
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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 …
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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 ...
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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.
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Afferro Mining has agreed to sell its 38.5 per cent interest in its Putu iron ore project in Liberia to Russia's second biggest steelmaker. Severstal, one of the world's leading vertically integrated steel and steel-related mining companies, already owns the remaining 61.5 per cent of Putu through its subsidiary, Lybica Holdings.
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MONROVIA — FrontPageAfrica has gathered from confidential documents and sources that the Liberian government has been opting through an agreement to allow Pioneer …
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Putu Iron Ore Mining, Inc., Mano River Iron Ore, Ltd., Concession, 2010 View Document; PDF; MS WORD; 1 Share. Clip mode on. ... Company Name Putu Iron Ore Mining, Inc. Jurisdiction of Incorporation Liberia OpenCorporates ID - Company …
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The Company operates two divisions, namely: iron ore and gold: - The iron ore division includes its 38.5% interest in the Putu iron ore project in Liberia, which is moving through pre-feasibility managed by joint venture partner Severstal Resources (the mining division of Moscow listed OAO Severstal).
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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 ...
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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 ...
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2016: Putu Iron Ore Mining Co Inc was a -owned subsidiary of Severstal which was granted a license for mining iron ore in Liberia's Putu Mountain Range in mid-2014. Putu's closure in early 2016 is understood to have been caused by a number of …
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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. Mines and Energy …
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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.
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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 ...
WhatsApp: +86 18221755073
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 …
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Information on valuation, funding, acquisitions, investors, and executives for Putu Iron Ore Project. Use the PitchBook Platform to explore the full profile.
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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 …
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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 …
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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 ...
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PUTU IRON ORE MINING, INC., a corporation organized under the laws of Liberia (as hereinafter defined, the "Company"), and solely for the purposes of Sections 27 and 33.6, MANO RIVER IRON ORE LTD., a corporation organized under the laws of the Seychelles (as hereinafter defined, the "Shareholder").
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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 ...
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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 …
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View Tarley A. Dweh's profile on LinkedIn, the world's largest professional community. Tarley A. has 1 job listed on their profile. See the complete profile on LinkedIn and discover Tarley A.'s connections and jobs at similar companies.
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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 ...
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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 …
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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 ...
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