Genmin Ltd.
AASX:GEN0.01
AUD
0.00
(0.00%)
ISIN
AU0000136590
Return %
Stock
S&P 500
1Y
-80.77
14.20
3Y
-96.87
81.12
5Y
-96.87
68.34
Capital Structure
USD
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
USD
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in mil. unless spec.Semi-annual Revenue
USD
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in mil. unless spec.Semi-annual Earnings Per Share
USD
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in mil. unless spec.Semi-annual Dividends Per Share
USD
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in mil. unless spec.Company Description
- CEO
- Andrew Taplin
- Full Time Employees
- 21
- Sector
- Non-energy minerals
- Industry
- Steel
- Address
- Suite 3, Level 1 West Perth WA Australia 6005
- IPO Date
- Mar 10, 2021
- Website
- genmingroup.com
- Similar Companies
- Business
- Genmin Limited is an ASX-listed iron ore exploration and development company focused on producing higher value iron ore products in the Republic of Gabon, West Central Africa. The company owns 100% interests in three projects comprising one granted exploitation license and multiple exploration licenses covering approximately 4,469 square kilometers. Its core products include premium lump and fines iron ore, with iron grades ranging from 60% to 65% Fe produced through dense media separation (DMS) processing technology. Genmin targets steel producers as primary customers. Recent major developments include a strategic partnership with Sino-Hunan International Engineering and Development (SHICO), under which SHICO is set to provide around 60% of the funding for the Stage 1 development of Genmin’s flagship Baniaka iron ore project, targeting a five-million-tonne-per-annum operation. This partnership includes a 10-year strategic collaboration and an option for SHICO to enter into a five-year iron ore purchase agreement. Additionally, Genmin has secured a 15-year integrated rail and port agreement with Owendo Mineral Port and signed long-term power purchase agreements to support renewable hydroelectricity supply for Baniaka. The company aims to reach a final investment decision by mid-2026 and has recently raised A$25.7 million to advance project construction and financing. It also maintains collaborations with Chinese engineering firms such as Sinohydro Corporation for engineering, procurement, and construction proposals for key infrastructure developments. Founded in 2011 and headquartered in West Perth, Australia, Genmin operates primarily in Gabon where it is developing its Baniaka and Bakoumba iron ore projects to create an emerging iron ore hub near the provincial capital of Franceville. The company's recent strategic changes emphasize securing funding, infrastructure, and long-term offtake to facilitate the commercial development of its iron ore assets while advancing its focus on green steel demand through higher-grade iron ore production.