African Minerals Forum

xtw432 transhippers gone , you right , FT bringing barge, tugs from Romania

With London Mining and African Minerals in troubles, maybe they could be interested...

BBC has a correspondent in Freetown...

Yambasu is reported to have received a total of $1.7 million in 4 payments between March 2011 and November 2011. A further unknown amount was also allegedly paid to Ambassador Yambasu at the Country Lodge in Freetown – money which an embittered senior APC official has grumbled, was meant for the Mineral Resources ministry to offset expenses in hosting LUKOIL executives in Sierra Leone.But Ambassador Yambasu’s other activities with the Russians are literally ruffling other friends of President Koroma especially Frank Timis of Africa Minerals whose hold on a massive 20 million tonne iron ore concession is now under threat. After allegedly accepting inducements and incentives in cash running into nearly $185,000 from the Russian company, UC Rusal, Ambassador Yambasu is reported to have arranged a high profile visit of the commercial director of UC Rusal, Mr. Aleksey Gordymov, who is said to have received assurances from the President, the Minister of Mineral Resources (Minkailu Mansaray), and Vice President Sam Sumana.

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Management of the Liberian Project As set out in this Notice of Meeting, on successful completion of the Transaction, the Company will hold between a 95% and 100% interest of African Petroleum, the owner and manager of the Liberian Project. Outlined below is a table setting out the current directors of African Petroleum and its relevant subsidiaries and the directors of those entities as at completion of the Transaction: Entity Current Directors Directors as at completion of the Transaction African Petroleum Corporation Limited Frank Timis Mark Ashurst Gibril Bangura Karl Thompson Tony Sage Timothy Turner Mark Ashurst Gibril Bangura Karl Thompson European Hydrocarbons Limited (Cayman) Frank Timis Mark Ashurst Gibril Bangura Karl Thompson Tony Sage Timothy Turner Mark Ashurst Gibril Bangura Karl Thompson European Hydrocarbons Limited (UK) Frank Timis Mark Ashurst Gibril Bangura Karl Thompson Tony Sage Timothy Turner Mark Ashurst Gibril Bangura Karl Thompson Regal Liberia Limited Frank Timis Mark Ashurst Gibril Bangura Karl Thompson Tony Sage Timothy Turner Mark Ashurst Gibril Bangura Karl Thompson

African Petroleum Total Value of Director Options $5,578,860 Karl Thompson $796,980 Mark Ashurst $796,980 Timothy Turner $265,660 Tony Sage $1,062,640 Gibril Bangura $531,320 Alan Watling $531,320 Anthony Wilson $531,320 Jeffrey Couch $531,320 James Smith $531,320

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Piltick//////////////// Sitting alongside him, Alan Watling, chief executive of African Minerals, interjects. "When Frank approached me, I looked him up on the web, I met the guy, I liked ...

Piltick 21:31 I just don't understand how an apparently decent chap like AW could have become so involved in a mess like this........................[link]