Ferrex Enlists Anglo, Kumba For Gabon Iron Ore Project

Law360, New York (December 19, 2013, 2:33 PM EST) -- London-headquartered exploration company Ferrex PLC said Thursday that it has signed an agreement with Anglo American PLC and Kumba Iron Ore Ltd. to join forces on its Mebaga iron ore project in Gabon, West Africa.

In an interview posted to Ferrex's website Thursday, the company's managing director, Dan Reeves, said that according to the terms of the agreement, Anglo American and Kumba would fund the exploration of Mebaga and its surrounding areas for up to two years as the companies attempt to determine just how much...
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