Key Players in the Mineral Resources Sector
Iron-ore
- African Minerals (Market cap: US$32mm): Currently holds prospecting, exploration and mining licenses on 57 percent of territory. Two iron-ore deposits – Tonkolili and Marampa (in dispute with London Mining). Signed lease agreement with the government on railway and Pepel port.
- London Mining (Market cap: US$102mm): Holds mining license on Marampa deposit. Currently in dispute with African Minerals over scope of license.
Bauxite
- Vimetco: Acquired bauxite mine from Titanium Resources for US$40mm in July 2008.
Gold
- Cluff Gold (Market cap: US$36mm): Gold exploration project in Baomahun. Recently granted mining license. Has mineral resource of 1.4mm ounces.
Diamonds
- Koidu Holdings (Revenues: US$24mm): Wholly-owned by BSG Resources. Operates the Koidu kimberlite project in the Kono District. Holds exploration licence for the Tongo diamond field.
Mineral Sands
- Titanium Resources (market cap: US$57mm): Locally known as Sierra Rutile. Controls one of the largest natural rutile deposits known in the world, accounted for about 23 percent of world’s annual supply.


