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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Africanir Fpo | ASX:AKI | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
From May 2019 to May 2024
The Australian arm of BlackRock Inc. (BLK) said Tuesday that it has lifted its stake in iron-ore explorer African Iron Ltd. (AKI.AU) to almost 11.6% from 7.6% through a series of market purchases.
Perth-based African Iron's primary asset is the Mayoko iron-ore project in the Republic of Congo where the company is developing a mine that will initially produce 5 million metric tons a year by mid-2013. BlackRock said the project benefits from excellent infrastructure with a nearby underused railway passing within 2 kilometers of the main prospect and terminating at the port of Pointe-Noire on the Atlantic Ocean.
Equatorial Resources Ltd. (EQU.AU), which is exploring for ore to the west of the Mayoko site, earlier this year bought a 20% stake in African Iron.
-By Robb M. Stewart, Dow Jones Newswires; +61 3 9292 2094; robb.stewart@dowjones.com
1 Year Africanir Fpo Chart |
1 Month Africanir Fpo Chart |
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