Update on temporary shutdown 31/12/2014 Further to my last update just before Christmas, I would just like to confirm with you that funds for the December salaries have now been transferred as planned. Unfortunately, due to the New Year’s public holiday, it may take a day or two longer than usual for funds to be posted into individual accounts. This will be the case especially for those of you who are residents of South Africa where the delay may be four or five days. Major shareholders of African Minerals are meeting again this week and continue to discuss their issues, all are working toward a resolution as soon as possible, however there are no firm outcomes to report to you at the moment. I will send out another update as soon as news comes to hand or during the course of next week in any event. Please enjoy New Year celebrations with your friends and family and I hope to see you as soon as operations resume. Yours sincerely, Kevin McLean COO
update 5 Dear All, Thank you for your continued patience and understanding. AML continues to try to resolve the future funding strategy with its major shareholders. This process has been difficult and has been taking more time than initially anticipated due to the complex nature of the challenges, namely Ebola and the ever declining Iron Ore Price. All parties are committed to resolving AML’s future as fast as possible. Unfortunately, there are still no firm outcomes to report to you at the moment. We ask that you continue to remain patient. As promised, we will update you all with any developments as they become available. Yours Sincerely, Kevin McLean COO
update 5 Dear all, You will find attached our latest communication from Kevin McLean- COO. As previously mentioned, we will keep informing you with regular updates. If you know of any of your colleagues who are not receiving our updates, please get them to contact me via email. Please reply to confirm you have received this email.
read it update 6 Victoria Place 31 Victoria Street Hamilton HM 10 Bermuda Website: www.african-minerals.com Dear All. It is with great regret that we inform you that due to the ongoing Ebola situation, depressed iron ore prices and funding issues between the shareholders, which remain unresolved, the Company has taken the decision to issue termination notices to London based Staff. The Company and Board continue to work tirelessly to resolve the shareholder dispute with SISG. Unfortunately at this time we have no material progress to report. The employment status of employees based in Sierra Leone remains unchanged and operations remain on the current care and maintenance program. Yours sincerely, Kevin McLean COO
Company has taken the decision to issue termination notices to London based Staff. ...............its written in English?or SOME NATIVE NORTH american Indians language
yes, I didn't write office closed , staff gone , well after notice
LIU LIU thanks for the info.. You would think that info is RNS worthy,,,,,,,,,,,,,,,,,,,it was internal email , called update 6 , FYI only