GEN
Director Trades
| Date | Director | Value |
|---|---|---|
| 1/12/24 | G. Lilleyman | $50,000 |
Company News
Genmin de-risks Baniaka with 15-year rail and port agreement
Genmin (ASX: GEN) has locked-in more critical infrastructure for its Baniaka iron ore project in west Africa with the inking a 15-year integrated rail and port agreement. The long-term agreement was secured with Owendo Mineral Port, which will provide Genmin with rail and port services to enable transport of ore from the proposed Baniaka mine […]
Genmin signs non-binding deals with Chinese customers for Baniaka iron ore offtake
African iron ore explorer and developer Genmin (ASX: GEN) has secured two non-binding agreements to sell and deliver fines and lump product from the Baniaka iron ore project in the Republic of Gabon to customers in China. The company has signed deals with China Minmetals Corporation and Changzhou Dongfang Special Steel for a total of 3 million […]
Genmin locks in long-term power agreement for Baniaka iron ore development
Iron ore explorer and developer Genmin (ASX: GEN) has signed a long-term purchase agreement with a state-owned power utility in Gabon for the supply of renewable hydroelectricity to its wholly-owned Baniaka project in central Africa. The 20-year agreement with Société de Patrimoine du Service Public de l’Eau Potable, de l’Énergie Électrique et de l’Assainissement (or […]
Genmin delivers positive PFS for scalable iron ore mine at Baniaka
African explorer and developer Genmin (ASX: GEN) has delivered “outstanding” results from a pre-feasibility study (PFS) for its wholly-owned Baniaka iron ore project in Gabon. The study revealed a low capital intensity of US$40 per annualised production tonne (A$59/t), resulting in an estimated 38% after-tax internal rate of return (IRR) for an initial 10-year mine […]
Quarterly explorers round-up – what’s been happening in the small cap space?
It was a busy September quarter in the small cap resource and energy spaces, with some major discoveries and project milestones achieved amid a strong outlook for most commodities. With rapidly rising inflation and volatile markets, the junior gold space continued to shine. Gold Gold explorers making headlines in the September quarter included: Kin Mining […]
Genmin receives six-year extension for Baniaka and Bakoumba iron ore exploration licences
African iron ore explorer and developer Genmin (ASX: GEN) has received a six year extension for exploration licences covering its wholly-owned Baniaka and Bakoumba iron ore projects in central Africa. The extension was received from the recently-established Ministry of Mines in Gabon. The Baniaka project comprises the Baniaka and Baniaka West licences over a combined […]
Genmin receives US$10m royalty payment from first sale of Baniaka iron ore product
African iron ore explorer and developer Genmin (ASX: GEN) has received a US$10 million royalty payment from Anglo American Marketing in relation to its Baniaka iron ore project located in Gabon. Earlier this month, Genmin announced that wholly-owned subsidiary Gabon Iron Ore had entered into a 1% royalty agreement with Anglo, which is owned by […]
Genmin signs iron ore royalty, financing and offtake deal with Anglo American
In what is a switch of marketing policy, West Africa iron ore explorer and developer Genmin (ASX: GEN) has linked up with global giant Anglo American to cover financing development and marketing of its output in Gabon. After listing in March 2021, Genmin set out to target the China market and was working with China’s […]
Genmin converts 100% of Bandjougoy DID iron ore resource to indicated category
West Africa-focused iron ore explorer and developer Genmin (ASX: GEN) has completed reclassifying the resource to indicated status at the Bandjougoy prospect of its Detrital Iron Deposit (DID) in Gabon following an infill drilling program. In addition, the resource has been increased by 1.5 million tonnes to 19.9Mt. DID is part of the company’s overall Baniaka […]
Genmin unveils maiden resource for Bandjougoy prospect which grows Baniaka global estimate 168%
Genmin (ASX: GEN) has unveiled a maiden resource for the Bandjougoy prospect within its Baniaka project in central west Africa’s Republic of Gabon, which brings global resources for the project to 700 million tonnes of contained iron ore. The total inferred oxide and primary mineral maiden resource estimate for Bandjougoy now totals 436Mt of contained […]