GENMIN ORD
Genmin de-risks Baniaka with 15-year rail and port agreement
Genmin (ASX: GEN) has locked-in more critical infrastructure for its Baniaka iron ore project in west Africa with the inking a 15-year integrated rail and port agreement. The long-term agreement was secured with Owendo Mineral Port, which will provide Genmin with rail and port services to enable transport of ore from the proposed Baniaka mine […]
Genmin signs non-binding deals with Chinese customers for Baniaka iron ore offtake
African iron ore explorer and developer Genmin (ASX: GEN) has secured two non-binding agreements to sell and deliver fines and lump product from the Baniaka iron ore project in the Republic of Gabon to customers in China. The company has signed deals with China Minmetals Corporation and Changzhou Dongfang Special Steel for a total of 3 million […]
Genmin locks in long-term power agreement for Baniaka iron ore development
Iron ore explorer and developer Genmin (ASX: GEN) has signed a long-term purchase agreement with a state-owned power utility in Gabon for the supply of renewable hydroelectricity to its wholly-owned Baniaka project in central Africa. The 20-year agreement with Société de Patrimoine du Service Public de l’Eau Potable, de l’Énergie Électrique et de l’Assainissement (or […]
Genmin delivers positive PFS for scalable iron ore mine at Baniaka
African explorer and developer Genmin (ASX: GEN) has delivered “outstanding” results from a pre-feasibility study (PFS) for its wholly-owned Baniaka iron ore project in Gabon. The study revealed a low capital intensity of US$40 per annualised production tonne (A$59/t), resulting in an estimated 38% after-tax internal rate of return (IRR) for an initial 10-year mine […]
