African Minerals Ltd Notice of Results (3729R)

TIDMAMI

RNS Number : 3729R

African Minerals Ltd

11 September 2014

African Minerals Limited

("African Minerals", "AML", or "the Company")

Notice of Results

Further to the Company announcement dated 15 August 2014, African Minerals announces that its half year 2014 accounts are expected to be published 30 September 2014.

Ebola Measures

The Company continues to closely monitor the Ebola Virus Disease outbreak with no cases suspected or confirmed at its sites, and AML's operations remain unaffected.

AML continues to liaise with international health organisations, and with the Government of Sierra Leone following the recently announced decision to impose heightened short-term restrictions on the movements of citizens, expected to apply from 18 to 21 September 2014, to contain the Ebola outbreak and assist contact tracing.

Should such restrictions be applied, the Company's contingency measures are expected to allow for the on-site staff to continue operations and exports over the four day period without causing material disruption. AML remains on track to export 16-18Mtpa for 2014.

The Company will continue to provide updates on the situation as and when appropriate.

Contacts:

African Minerals Limited

+44 20 3435 7600

Mike Jones

Tavistock Communications

+44 20 7920 3150

Jos Simson / Nuala Gallagher

Jefferies

+44 20 7029 8000

Nick Adams / Alex Collins

About African Minerals

African Minerals operates the Tonkolili Iron Ore Project (the "Project") in Sierra Leone, with a JORC compliant resource of 12.8 Bt. The multi-generational Project is being developed in a number of staged expansions. In 2013, African Minerals completed sales of 12.1 Mt to its customers. The current year sales guidance is for 16-18 Mt of exports as the operations focus on operating at the 20 Mtpa run rate design capacity.

Phase II expansion will see exports increase to 25 Mtpa, and will incorporate production of a high grade concentrate product. Concentrate production is expected to begin in 2015 and will eventually displace current DSO production as concentrate volumes increase and the DSO resource depletes over time.

The Company has also developed significant port and rail infrastructure to support the operation of the Project, via its subsidiary African Rail and Port Services (SL) Limited ("ARPS"), in which the Government of Sierra Leone ("GoSL") has a 10% free carried interest.

The Project companies are currently owned 75% by AML, and 25% by Shandong Iron and Steel Group ("SISG"), except for ARPS, which is currently owned 75% by AML and 25% by SISG, with the GoSL having the right to a 10% free carried interest from AML.

www.african-minerals.com

ENDS

This information is provided by RNS

The company news service from the London Stock Exchange

END

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