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Genmin Ltd. ( (AU:GEN) ) just unveiled an announcement.
Genmin Limited has announced that PowerChina has completed its review of the Baniaka iron ore project and submitted engineering and construction proposals for key infrastructure, which may reduce capital costs compared to previous estimates. The proposals include a haul road, power transmission line, and accommodation village. Discussions with Chinese funding partners are advancing, marking significant progress towards securing a comprehensive funding solution for the project’s development.
More about Genmin Ltd.
Genmin Limited is an emerging African iron ore producer focused on the development of its Baniaka iron ore project in Gabon. The company collaborates with Sinohydro Corporation Limited, a subsidiary of Power Construction Corporation of China, to advance its infrastructure projects and secure funding.
Average Trading Volume: 525,971
Technical Sentiment Signal: Sell
Current Market Cap: A$17.75M
See more insights into GEN stock on TipRanks’ Stock Analysis page.