Report summaryTonkolili was an iron ore mine in Sierra Leone which had been developed rapidly over the past few years by London based African Minerals. The mine was closed in December 2014 because of falling iron ore prices and failure to secure funding to enable its continued operation. It was originally envisaged that the mine would eventually produce up to 35 Mtpa of concentrate. Tonkolili is now 100% owned by Shandong Iron and Steel who re-opened in April 2016 and we understand that the company is mining existing stockpiles. As such, we expect production to cease at the end of 2016 and do not envisage Phase 2 being developed.
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