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Afferro Mining non-exec stands down

Afferro Mining non-exec stands down



One of Afferro Mining's (LON:AFF CVE:AFF) independent non-executive directors, Ousmane Kane, has resigned to concentrate on his other role as vice chairman of African Iron Ore.

David Netherway, Afferro's chairman, said: "We would like to thank Ousmane for his contribution to the company's strategy and wish him well with all his future business endeavours."

Afferro is currently in a possible takeover situation having announced last month that a number of suitors had approached the Cameroon-focused iron ore explorer.

Indian group Jindal Steel and Power is said to be one of the potential bidders.



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