London Mining now fully funded to expand Marampa – CEO

Aim-listed London is now fully funded to boost capacity at its Marampa iron-ore mine to five-million tons a year, CEO Graeme Hossie reported on Thursday. This comes as the miner signed a $45-million offtake-related prepayment loan agreement with...

First Marampa iron-ore shipment leaves Freetown

The first shipment of 49 656 t of iron-ore concentrate from Aim-listed London Mining’s Marampa operation, in Sierra Leone, had left the Port of Freetown, bound for Europe, the miner said on Wednesday. London Mining added that two more ships had...

London Mining plans staged expansion at Marampa mine

Aim-listed London Mining has completed a prefeasibility study for an iron-ore expansion at its Marampa project, which would extend the Sierra Leone mine’s life to 2036. The miner on Monday reported that the phase-two expansion would consist of...

London Mining releases scoping study for Greenland project

Aim-listed London Mining on Monday said that the newly released scoping study for its Isua iron-ore project in Greenland considered a 15-million tons a year openpit operation, for an estimated capital expenditure of $2-billion. The study follows...

London Mining inks Marampa offtake deal with Glencore

UK-based London Mining has signed a five-year offtake agreement with trading house Glencore International for the iron-ore from its Marampa mine in Sierra Leone. The offtake would cover production of 9,5-million wet metric tons from the first...

London Mining reports resource increase at Marampa

The primary resource at London Mining’s Marampa iron-ore project, in Sierra Leone, had increased tenfold compared with the primary resource of 84-million tons grading 37% iron reported at the time of the company’s Aim-listing in November...

London Mining targets higher output from Marampa

Aim-listed London Mining’s flagship Marampa iron-ore project is now expected to start producing at a rate of 1,8-million tons a year of concentrate, owing to improved head grade and recovery. In an update to shareholders, published on Monday,...

London Mining secures $60million credit facility

Aim-listed London Mining has entered into a $60-million two-year revolving credit facility for general corporate purposes, it announced on Friday. Standard Chartered Bank arranged the facility.

Marampa iron-ore project remains on schedule – London Mining

The development of Aim-listed London Mining’s flagship Marampa iron-ore project, in Sierra Leone, was on schedule for first shipments to be dispatched in the second quarter of 2011, CEO Graeme Hossie said on Thursday. In an update to...

London Mining enters into JV to explore for iron-ore in Chile

UK-based iron-ore miner London Mining on Friday entered into a joint venture (JV) with Atacama Mining Resources to explore iron-ore opportunities in Chile. London Mining CEO Graeme Hossie said that the venture would bring a strong pipeline of...

Saudi Arabia iron-ore mine to cost $1,9bn – London Mining

Aim-listed London Mining and its joint-venture (JV) partner in the Wadi Sawawin iron-ore project, in Saudi Arabia, National Mining Company (NMC), would, over the next six to 12 months, jointly seek funding of $1,9-billion in capital expenditure...

London Mining seeks partners for Greenland magnetite project

A full feasibility study at iron-ore miner London Mining’s Isua magnetite project, in Greenland, would now be undertaken, after the latest prefeasibility study (PFS) proved that the project could produce ten-million tons a year of iron-ore...