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Afferro Mining Inc. is an iron ore exploration and development company listed on TSX-V and AIM, with just under 1,000km2 of exploration permits in the south of Cameroon, all along proposed infrastructure in a rapidly developing iron ore district. The management has a strong track record in the discovery and development of commercial deposits. 

The flagship project is Nkout. With a large resource already defined, feasibility work points to a strong, economically-viable project. There is also the potential for early cash flow from a small operation at Ntem, which is strategically located close to the Kribi deep water port and the Kribi gas-fired power station. 

Afferro is fully-funded to explore and develop its assets for a number of years with a strong balance sheet

 

Website:
http://www.afferro-mining.com/
Phone:
Address:
Super Sector:
General Mining - Iron Ore and Bauxite
Sector:
General Mining - Iron Ore and Bauxite
Industry:
EPIC / Symbols:
LON:AFF, CVE:AFF
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*subject to change and depends on individual circumstances.

Afferro Mining Articles, News, and Media Files

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Afferro Mining Related Media

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  • Page 1 of 4
  • 24/06/2013

    Stocktube video - IMIC keen to unlock world class potential of Nkout

    IMIC chairman says US$200mln Afferro takeover will unlock world-class potential of iron Cameroon ore asset. Haresh Kanabar, Chairman of International Mining & Infrastructure (LON:IMIC), reckons the US$200mln takeover of Afferro (LON:AFF CVE:AFF) will be transformational for Afferro's flagship project -- the 2.5bn tonne Nkout iron ore deposit in Cameroon. "We intend to deliver the infrastructure that will turn what is effectively a stranded asset into a commercial asset," he says.

Director dealings

  • Page 1 of 5
Date Director Trans Amount Type Price(p) Value (£) Holding %
13/12/11 G.E.M. Pas EX 39,250 OPT 16.00 6,280 0,000 N/A
13/12/11 G.E.M. Pas EX 29,437 OPT 32.00 9,420 6,128,413 5.89
28/07/11 G.E.M. Pas EX 62,500 OPT 72.00 45,000 6,059,726 5.84
19/07/11 D.G. Netherway TAKE 33,333 ORD 90.00 30,000 137,928 0.13
19/07/11 G.E.M. Pas TAKE 100,000 ORD 90.00 90,000 5,997,226 5.79

Presentations & Company Media

Company Statement

 

Afferro Mining Inc. is an established TSX-V and AIM listed iron ore development company with projects in west Africa.

The Company is managed by a team with strong track records in the discovery and development of new commercial deposits.

Our focus is on the fast track development of the Company's flagship assets:

 

Nkout Iron Project 

Cameroon: 100% owned, >20km long strongly magnetic Itabirite iron deposit with 1,187Mt at 32.9% iron, Indicated and 1,326Mt at 30.3% Inferred 

 

Ntem Iron Project 

Cameroon: 100% owned, 491km2 licence area 80km from deep water port complex near Kribi, currently under construction and 10km from proposed rail corridor. Current drilling programme focused on identifying high grade material with results due in Q3 2012 

 

Akon Hills Iron Project 

Cameroon: >100% Owned, 241km 2 Licence Area. 85km North-west of Nkout, Target 4km x 3km. Drilling expected in Q4 2012 

 

Current Operations

NKOUT, CAMEROON

For more information on NKOUT please click here

 

NTEM, CAMEROON

 

For more information on NTEM please click here

 

AKONOLINGA, CAMEROON

 

For more information on AKONOLINGA please click here

Management

David Netherway - Chairman and director (Independent)

Mr. Netherway received a B.E. in Mining Engineering from the University of Melbourne in 1975 and a Certified Diploma in Accounting and Finance from the Chartered Association of Certified Accountants in the United Kingdom in 1985. Mr. Netherway is a mining engineer with over 30 years of experience in the mining industry. He was until the recent takeover by Gryphon Mineral Ltd (GRY-ASX), the CEO of Shield Mining Limited, an Australian listed company exploring for gold and base metals in Mauritania. Prior to this, Mr. Netherway served as the CEO of Toronto listed Afcan Mining Corporation, a China focussed gold mining company which was successfully taken over by Eldorado Gold. He is also a former director of Orezone Resources Inc. Kazakhgold Ltd and Equigold NL. Mr Netherway is a mine developer and operator who was involved in the construction and development of the Iduapriem, Siguiri and Kiniero gold mines in West Africa and has mining experience which includes Australia, India, Nepal, Oman and Malaysia. Mr. Netherway has also held senior management positions in a number of mining companies, including Golden Shamrock Mines, Ashanti Goldfields and Semafo Inc. 

Mr Netherway is currently the Chairman of Afferro Mining Inc.(TSX:AFF & LSE:AFF), GMA Resources plc (LSE:GMA), Aureus Mining Inc (TSX:AUE & LSE:AUE) and Altus Strategies Ltd and a non-executive director of Gryphon Minerals Ltd (GRY-ASX) and Altus Resource Capital Ltd (ARCL-LSE).

 

Luis Guilherme Cabrita da Silva - President & CEO

Luis da Silva is CEO of TSX-V/AIM listed Afferro Mining Inc. (symbol: AFF). He gained his extensive international experience with multinationals Lafarge S.A. and Blue Circle Industries Plc. Since 2007, Luis has presided over the restructuring of the three commodities within the original Mano River company, more recently known as African Aura Mining Inc., that resulted in the listed diamond and gold companies.He is a Non-Executive Director of Aureus Mining Inc. (TSX / AIM: AUE) and Stellar Diamonds plc (AIM:STEL).Luis is a graduate Mining Engineer from Camborne School of Mines and read for his MBA at the Cranfield School of Management. 

 

Guy Pas - Independent Director

Guy Pas is a Geneva based financier who has been involved with numerous successful resource ventures, through his investment vehicles Eastbound Resources and AddVenture Capital Partners. Between 1973-1983 he was a Vice President of Chase Manhattan Bank in structured and commodity finance. In 1987 he co-founded The Addax & Oryx Group Ltd., an integrated African oil group. In 1989 he co-founded and was the chairman of Samax Resources Ltd, which was focused on gold in Tanzania and was acquired on the TSX by Anglogold Ashanti for $189m in 1998. In 1995 he founded Mano River Resources Inc (Now Afferro Mining Inc) a TSX-V and AIM listed gold, diamond and iron ore company in west Africa. In 2004 he co-founded GAIA Resources Fund Ltd, focused on early stage private and public resource companies as well as co-founding Afren plc, a West African oil & gas company listed on the FTSE 250. Guy has been involved in establishing a number of FSU focussed ventures, most recently Ovoca Gold Plc and Siberian Diamonds.

 

David B. Evans - Independent Director

David Barry Evans joined the Company on 1st October 2007, as Executive Chairman. David brings with him over 30 years of experience across the natural resources sector, with particular expertise in the development of precious and base metal projects for both large mining houses and emerging producers. David is currently a Director for AIM-listed Tianshan Goldfields Ltd., and was previously a Director of Kroondal Platinum Ltd. and Aquarius Platinum Ltd., where he played an integral part in their growth, financing and successful development. David is also a Director of Orlando Investments Plc. Within the last five years, David has held directorships or partnerships at Exterra Consulting cc, Tarapaca Resources Ltd. (Bermuda).

 

 

Ousmane Kane - Position: Independant Director

 

 

Mr Kane has had an established and diverse career with leading Mauritanian and pan-African, public, financial and mining institutions. During pivotal periods over the last few decades, he served as Minister of Finance and Governor of the Central Bank of Mauritania, as Director General of Mauritania's state-owned iron ore company Société Nationale Industrielle et Minière ("SNIM"), and as Senior Adviser to Mauritania's Head of State. 

Whilst holding these positions, Mr Kane initiated and managed major official reform, restructuring and investment programmes, including at SNIM (Africa's second-largest iron ore exporter), with the successful implementation of a $1bn financing for the modernisation and the development of the company, whilst concurrently addressing challenges related to the 2008-09 global economic crisis. 

Earlier in his career, he held senior positions of increasing strategic importance at the African Development Bank, and served as its Vice President from 2003-2005. Mr Kane is a qualified engineer and a graduate of the Ecole Nationale Supérieure des Mines de Saint-Etienne (France) and the Ecole Polytechnique, Palaiseau (France).

 

Major Shareholders

 

Information taken from Company websote 15.01.2013

  • Latest Stocktube
    24/06/2013

    IMIC keen to unlock world class potential of Nkout

    View full size
  • Contact Information

    Corporate Offices

    Registered Office

    Suite 3350,

    1055 Dunsmuir Street

    Po Box 49222

    Vancouver, BC

    V7X 1L2

     

    Branch Office

    355-359 Strand

    London 

    WC2R 0HS

    T:  +44 (0) 20 7010 7680

    F: +44 (0) 20 7010 7699

     

    Exploration Offices

    All Cameroon subsidiaries

    BP 14364

    Yaounde

    Cameroun

     

    Corporate Information

    Broker & Nominated Advisor

    Investec Bank plc

    2 Gresham Street 

    EC2V 7QP 

    United Kingdom

     

    Joint Broker

    RBC Capital Markets

    71 Queen Victoria Street

    London

    EC2V 4DE

    United Kingdom

     

    Auditors

    BDO Stoy Hayward

    55 Baker Street

    London, W1U 7EU

    United Kingdom

     

    Corporate Secretary

    Axium Law Corporation

    Mr Rod C McKeen

    Suite 3350, Four Bentall Centre

    1055 Dunsmuir Street

    Po Box 49222

    Vancouver BC

    V7X 1L2

     

    Legal Counsel

    Blake Cassels & Graydon

    23 College Hill

    London, EC4R 2RP

    United Kingdom

     

    Macleod Dixon LLP

    Toronto-Dominion Centre

    100 Wellington Street West

    Ontario ON M5K 1H1

     

    LV Conseil Institutionnels

    750, boul. Marcel-Laurin

    Bureau 106 

    Saint-Laurent

    Quebec H4M 2M4

     

    Etah-Nan & Co.

    B.P. 4736

    Douala

    Cameroon

     

    Sherman & Sherman, Inc.

    17th Street & Chessman Avenue

    PO Box 10-3218

    1000 Monrovia, 10 Sinkor

    Monrovia, Liberia 

     

    Independent Consultants

    SRK Consulting

    Windsor Court

    1-3 Windsor Place

    Cardiff CF10 3BX

     

    Registrar and Transfer Agent

    Computershare Investor Services Inc.

    100 University Avenue

    Toronto

    Ontario, M5J 2YI

    Canada

    Tel: +1 604 661 0232

    Fax: +1 888 453 0330

    caregistry@computershare.com

     

    Computershare Investor Services Inc.

    The Pavilions, Bridgwater Road

    Bristol, BS99 6ZZ

    United Kingdom

    Tel: +44 (0) 870 702 0000

    Fax: +44 (0) 870 703 6101


    Market Makers (AIM)

    Investec Bank Plc

    Tel: +44 20 7597 4000 

    Fax: +44 20 7597 4070 

     

    Winterflood Securities

    Tel: +44 (0) 207 621 0004

    Fax: +44 (0) 207 623 9482

     

    Shore Capital

    Tel: +44 (0) 207 734 7292

    Fax: +44 (0) 207 734 7625

     

    Kbc Peel Hunt

    Tel:+44 (0) 20 7418 8900

    Fax:+44 (0) 20 7417 4686

     

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