We have a nine year track record in identifying, developing and financing high quality iron ore production.
Plant upgrades completed increasing plant capacity to 5.4Mwmt/a.
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.
Prefeasibility 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.
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.
London Mining listed on AIM with 37m of secondary shares placed with institutional shareholders. Exploration drilling undertaken at Marampa, Isua and Wadi Sawawin.
The Brazilian mine was sold for a profit of USD660m of which GBP220m was returned to shareholders. A joint venture was established to develop the Wadi Sawawin project in Saudi Arabia.
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.
The licence for the derelict Marampa mine in Sierra Leone was acquired and a purchase option was negotiated for a operating mine in Brazil.
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.