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Cape Lambert launches another share buy-back

By: Esmarie Swanepoel ASX-listed resources firm Cape Lambert Resources has launched a second on-market share buy-back to regain about 10% of the company’s issued share capital. In the first on-market buy-back, which ended at the start of January, Cape Lambert acquired and subsequently cancelled more than 21.1-million... 

London Mining’s Marampa on track to reach 1.5Mt/y

By: Idéle Esterhuizen London Mining said on Thursday said it was on track to produce 1.5-milion tons a year of iron-ore concentrate from its Marampa mine, in Sierra Leone, by the end of 2012 and was expanding the facility’s capacity further. The UK-based company stated that the key logistics for Marampa were in place... 

Cape Lambert inks infrastructure deal for Sierra Leone project

By: Esmarie Swanepoel Australian iron-ore-miner Cape Lambert has signed a term sheet with Aim-listed African Minerals for rail and port infrastructure for its Marampa project, in Sierra Leone. Cape Lambert would gain a 33% stake in the Marampa rail and Pepel port, jointly known as the Marampa infrastructure, for a... 

London Mining seeks partners for Greenland magnetite project

By: Chanel de Bruyn 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 concentrate over a 21-year life-of-mine. In February,... 

London Mining sells remaining stake in DMC

By: Chanel de Bruyn Aim-listed London Mining has agreed to sell its 27,5% stake in Delta Mining Consolidated (DMC) to resources investment company Sable Mining for $40-million in cash and shares. Sable already held a 72,5% stake in DMC, which held an interest in a number of Southern African iron-ore and coal... 

Chinese companies talk to UK miner about Sierra Leone iron-ore

By: Keith Campbell British mining company London Mining has revealed that it is in talks with major Chinese groups about its Marampa iron-ore project in Sierra Leone. “We’re having these discussions now,” London Mining CEO Graeme Hossie told Bloomberg News. “I’m confident they will lead to potential cooperation... 

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