African Minerals Limited reported production results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported total mined of 6.3 Mt, total DSO produced was 3.9 Mt. In fourth quarter, 13% of production tonnage was delivered into completing the 4.8 Mt Shandong Iron and Steel Group Discounted Offtake Agreement compared to 37% of tonnage in third quarter.

For the fiscal year, the company reported total mined of 12.1 Mt compared to 4.1 Mt a year ago.

The increase in infrastructure capacity, together with the additional processing capability of the new 9Mtpa A32 1G plant (which will be delivered, constructed, commissioned and ramped up during H1 2014), will allow the Tonkolili project to initially increase exports at low capital cost, with concentrate processing capability being brought online in stages from 2016 as extended life DSO operations are wound down over time. This strategy maintains optionality for further expansion while minimising immediate capital requirements and improving free cash flow. First Phase II concentrator expected to be commissioned in 2016.