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Anglo African Minerals CEO eyeing US$40mln fundraise to reach production in 2016

James Lumley, the chief executive of GXG-listed Anglo African Minerals (GXG:AAM), reveals the bauxite company is ‘actively in the process’ of raising US$40 million to help it reach production in Guinea by the third quarter of 2016.

Lumley says Guinea has attracted plenty of attention from investors in the Middle East and China recently, while a main market listing could also be on the cards.

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