London Mining has total iron ore resources of 2.2 billion tonnes with targeted production of over 30Mtpa of high grade concentrates planned from its projects in Sierra Leone, Greenland and Saudi Arabia. London Mining's strategy is to provide a viable alternative to the diversified miners and upstream integration by selecting assets with unique competitive advantages and high margin potential in countries with a national interest in mining.
For example:Marampa (Sierra Leone) has a short lead time to production and is located in a region of significant geological potential
Isua (Greenland) will produce a high quality magnetite concentrate
Wadi Sawawin (Saudi Arabia) benefits from a low energy costs and a significant supply gap in the Middle East and North Africa region
London Mining is pleased to announce that it has signed a letter of intent with Wits Basin Precious Minerals, Inc. ("Wits Basin") which may result in London Mining becoming a 50/50 joint venture partner for Wits Basin's iron ore project in Ma Anshan in the People's Republic of China. The potential transaction remains subject to due diligence and finalisation of definitive legal documents.
The tailings dam work was completed in June 2010 and during the period of non-operation, maintenance was undertaken at the Sudan processing plant. Subsequent to the raising of the tailings dam, mining operations have not resumed due to the enforcement of a requirement from the regulatory authorities in Anhui Province for the mining operations to be consolidated on the CGMR license, held by the Chinese subsidiary Maanshan Xiaonanshan Mining Company Limited (“XNS”)
London Mining Plc is incorporated and registered in the UK, and is a UK-based iron ore mining company with assets in Brazil, Sierra Leone, Greenland and Mexico. The company has a diversified portfolio with existing production and significant planned expansion. London Mining's management and board of directors have extensive mining and finance experience. The company has already raised privately approximately USD 125 million in equity and an additional USD 60 million in debt and acquired an operating iron ore mine in Brazil in May 2007.
For example:Marampa (Sierra Leone) has a short lead time to production and is located in a region of significant geological potential
Isua (Greenland) will produce a high quality magnetite concentrate
Wadi Sawawin (Saudi Arabia) benefits from a low energy costs and a significant supply gap in the Middle East and North Africa region
London Mining is pleased to announce that it has signed a letter of intent with Wits Basin Precious Minerals, Inc. ("Wits Basin") which may result in London Mining becoming a 50/50 joint venture partner for Wits Basin's iron ore project in Ma Anshan in the People's Republic of China. The potential transaction remains subject to due diligence and finalisation of definitive legal documents.
The tailings dam work was completed in June 2010 and during the period of non-operation, maintenance was undertaken at the Sudan processing plant. Subsequent to the raising of the tailings dam, mining operations have not resumed due to the enforcement of a requirement from the regulatory authorities in Anhui Province for the mining operations to be consolidated on the CGMR license, held by the Chinese subsidiary Maanshan Xiaonanshan Mining Company Limited (“XNS”)
London Mining Plc is incorporated and registered in the UK, and is a UK-based iron ore mining company with assets in Brazil, Sierra Leone, Greenland and Mexico. The company has a diversified portfolio with existing production and significant planned expansion. London Mining's management and board of directors have extensive mining and finance experience. The company has already raised privately approximately USD 125 million in equity and an additional USD 60 million in debt and acquired an operating iron ore mine in Brazil in May 2007.