Genmin Secures Mining Convention for Baniaka Iron Ore Project

An announcement from Genmin Ltd. ( (AU:GEN) ) is now available.

Genmin Limited has signed a Mining Convention with the Gabon Government for its Baniaka iron ore project, marking a significant milestone in securing project development capital. The agreement, signed at a ceremony officiated by Gabon’s Transitional President, provides crucial protections and fiscal stabilization for the project. This development positions Genmin to advance towards commercial production, targeted for late 2026, and strengthens its standing as a key player in the African iron ore industry. The project will involve conventional open pit mining and processing, with products transported via existing infrastructure to export markets.

More about Genmin Ltd.

Genmin Limited (ASX: GEN) is an emerging African iron ore producer listed on the ASX, with a focus on developing its projects in the Republic of Gabon, West Central Africa. The company holds 100% interests in three projects, including the flagship Baniaka and Bakoumba iron ore projects, which are strategically located near existing transport and renewable energy infrastructure. Genmin aims to commence commercial production at Baniaka by late 2026, with plans to expand production capacity over time.

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