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Big brother benefactors a breakthrough for Mebaga

The significant funding injection Anglo American and Kumba Iron Ore will provide to further the Mebaga iron ore project in Gabon is a massive step forwards for 82% project owner Ferrex. A successfully completed deal of this nature will ensure the project’s true potential is revealed, particularly with regards to optimising its start-up scale and development, Ferrex CEO Dave Reeves tells Laura Cornish.

When AIM-listed iron ore and manganese junior Ferrex announced in December last year that it had signed a binding term sheet agreement with the two mining majors to fund the exploration and advancement of its Mebaga project, one thing became immediately apparent. Juniors don’t have to ‘go it alone’ if they secure ‘lucrative’ tenements.

And this is what Reeves does well. He was projects and mining general manager at Zimplats where he was responsible for the study phases and development of the PGMrich opencast and underground Ngezi platinum mine in Zimbabwe. Subsequent to that he contributed significantly to African Platinum’s portfolio where he was technical manager.

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