108.00p
Last updated: 18 June close
Last updated: 18 June close
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About us
London Mining is an expanding producer of high specification iron ore for the global steel industry and is focused on identifying, developing and operating sustainable mines.
London Mining commenced sales from the Marampa mine in Sierra Leone in 2012 and expects to reach production capacity of 5Mtpa in 2013. A bankable feasibility study was completed in 2012 on an expansion plan to 9Mtpa and a prefeasibility study was completed in 2011 which shows that Marampa has resources to support a staged expansion to over 16Mtpa.
London Mining has also completed bankable feasibility studies outlining plans for a further 20Mtpa of iron ore production by developing two other mines in Greenland and Saudi Arabia.
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Our history
We have a seven year track record in identifying, developing and financing high quality iron ore production.
2013
Second plant at Marampa commissioned resulting in 3.8Mtpa of installed capacity.
2012
First shipment of concentrate from Marampa with work commencing on an initial expansion to 5Mtpa. Bankable feasibility studies completed for a 9Mtpa operation using the same logistics at Marampa and also for the Isua Project.
2011
Prefeasbility and scoping work completed an expansion to over 16Mtpa at Marampa and for a 15Mtpa operation at Isua. First production achieved from Marampa in December.
2010
Over a billion tonnes of JORC resources declared for the three core iron ore projects. Construction of the Marampa processing plant commences focussed on tailings from previous operations.
2009
London Mining listed on AIM with 37m of secondary shares placed with institutional shareholders. Exploration drilling undertaken at Marampa, Isua and Wadi Sawawin.
2008
The Brazilian mine was sold for a profit of USD660m of which USD220m was returned to shareholders. A joint venture was establised to develop the Wadi Sawawin project in Saudi Arabia.
2007
USD120m of funds were raised to complete the purchase of the mine in Brazil and commence construction of a 3.5Mtpa operation. London Mining listed on the Oslo Axess exchange.
2006
The licence for the derelict Marampa mine in Sierra Leone was acquired and a purchase option was negotiated for a operating mine in Brazil.
2005
London Mining was founded in 2005 with a plan to identify and develop iron ore mines for the global steel industry. The licence for the Isua Project was acquired.
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