Jinchuan Purports to Terminate Purchase of Tiomin Kenya

Tiomin Resources Inc. reports that Jinchuan Group Limited (‘Jinchuan’) of China, purports to have terminated the Investment Agreement to purchase 70% of Tiomin Kenya Limited (‘TKL’) and the Kwale project. Tiomin seeks clarification from Jinchuan concerning its notice of intent to terminate the transaction, which was scheduled to close on October 29, 2009. Bob Jackson, CEO, said... 

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Jinchuan Board Approves Tiomin Kenya Purchase

Tiomin Resources Inc. announce that the board of directors of Jinchuan Group Limited (‘Jinchuan’) has approved the Memorandum of Understanding (‘MOU’) in which Jinchuan acquires 70% of Tiomin Kenya Limited (‘TKL’), a wholly owned subsidiary of Tiomin that owns 100% of the Kwale Mineral Sands Project (‘Kwale’ or ‘the project’), for US$25 million... 

Tiomin and Jinchuan Sign Agreement to Develop the Kwale Titanium Project

Tiomin Resources Inc. is pleased to announce that it has signed a Memorandum of Understanding (‘MOU’) with Jinchuan Group Limited (‘Jinchuan’) of the People’s Republic of China for Jinchuan to invest US$25 million directly into Tiomin Kenya Limited (‘TKL’), a wholly owned subsidiary of Tiomin that owns 100% of the Kwale Mineral Sands Project (“Kwale”... 

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Tiomin halts titanium mining in Kenya over land disputes

Canadian mineral exploration firm Tiomin Resources said it had halted a massive titanium mining operation in Kenya over land issues and access to the site. In a statement, the company said a disagreement over land had spawned delays, causing costs to rise, forcing the project’s lenders to withdraw a 155 million dollar (120 million euro) debt facility that was in place. “The project development... 

Tiomin announces delay of its mineral sands project in Kenya

As foreshadowed here on Mineweb on November 22nd, Tiomin Resources Inc. (TSX: TIO) announced yesterday that construction of its Kwale mineral sands project in the east African country of Kenya has been delayed to allow the Kenyan government resolve land wrangles with resident farmers, provide access to the project site and fulfill remaining conditions required by the contractual arrangements between...