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Vasile Frank Timis (Frank)

Date of Birth: 28/01/1963
Place of Birth: Borsa, Romania


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Iron Man

It later became Sierra Leone Diamond Company (SLDC), and received a US$12 million investment from Vasile 'Frank' Timis in 2004...


What price recovery?

Until March 2015, Tonkolili was 75% owned by Vasile Frank Timis's African Minerals Limited (AML), which went into receivership that month...

It is now owned by Timis Corporation, the outfit of Frank Timis, who bought it from administrators in October 2014...


Chinese inherit law suit

Frustrated by promised dates for restarting production being pushed back, President Ernest Bai Koroma, is putting pressure on SISG and the AML founder and former Chairman, Vasile Frank Timis, who now owns the Marampa iron-ore mine, to commit to a firm timetable...

Timis Corporation, the privately owned investment vehicle for Frank Timis, has been told that it must restart operations at Marampa or risk losing its mining licence (AC Vol 56 No 18, Timis under scrutiny)...


Frank’s fickle fortunes

In the face of tumbling commodity prices, the operations of Vasile Frank Timis in Burkina Faso, Côte d'Ivoire, Liberia, Senegal and Sierra Leone have sunk, stopped producing or come under the increased scrutiny of regulators around the world...

Instead, the asset was picked up by none other than Frank Timis himself, with the help of a $20 mn...


Timis under scrutiny

The operations of entrepreneur Vasile Frank Timis in Senegal have come under scrutiny from the United States Department of Justice, Africa Confidential has learned...

The US$400 million deal, signed in October 2014, raised questions about Aliou Sall’s role in Frank Timis’s Senegalese oil business, Petro-Tim Limited, and whether or not he had a stake in Timis Corporation, a privately-held British Virgin Islands-registered company...


The discord lingers on

Koroma is also believed to have stakes in African Minerals Limited, whose majority ownership recently passed from Vasile Frank Timis to a Chinese conglomerate (AAC Vol 4 No 9, Not so fast, Frank)...

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Oil blocks and shocks

It noted the easy installation of companies such as African Petroleum, then steered by controversial minerals magnate Frank Timis (AC Vol 53 No 5, Timis drills deep)...


Groans about growth

Production is by two British companies, London Mining and the much larger African Minerals Limited (AML), headed by Frank Timis...


Loyalty rewarded

During a previous tenure at the Mines Ministry, Kanu signed off on controversial iron-ore deals with London Mining and Frank Timis’s African Minerals Limited...


Displaying 11-20 out of 40 results.