Proactive investorsLogo Proactive Investors UK Website

Search field
Get Adobe Flash Player Download
Flash
Player ►

And
Enable
Javascript

1 year chart

digital-look imported chart image

1 day chart

digital-look imported chart image
Additional information
Additional Information
Market: AIM
Sector: General Mining
Epic: LOND
News: Latest news
Web Site: London Mining
Other Articles: 09-03-201025-02-201011-02-2010

RSS - Subscribe to the News Today on Proactive UK ▼

Thursday March 18, 09:06The drugs work: Biocompatibles sees further good sales growth ahead

After better-than-expected sales growth in the 2009 full year, the drug-eluting beads maker forecasts more growth this year while the Oncology Products Division revs up the pace of product trials.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive NA ▼

Thursday March 18, 01:14Cisco remains at the forefront of internet infrastructure

The stock has recently managed to breakout above the long term resistance found at the $25 level which should now provide support for any pullback before the share price drives higher

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive CN ▼

Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

FULL ARTICLE ►
London Mining

London Mining

London Mining Plc is a UK-based company that is developing mines for the steel industry. It has 100% of the Marampa hematite iron ore mine in Sierra Leone, 100% of the Isua magnetite iron ore project in Greenland, a 50% stake in on the Wadi Sawawin joint venture in Saudi Arabia, a 50% stake in the China Global Mining Resources joint venture and minority interests in two coal developers in South Africa and Colombia.  The Company listed on the Oslo Stock Exchange on 9th October 2007 and on AIM in London on 6 November 2009.

CLICK HERE FOR FULL ANALYSIS OF LONDON MINING
Wednesday, December 09, 2009

London Mining reports total JORC resource at Isua iron ore project of 574 mln tonnes at 37% Fe; 114 mln tonnes indicated

London Mining (AIM: LOND, XETRA: L9K, OSX: LOND) said Snowden Mining Industry Consultants has confirmed a total JORC compliant resource for its 100 percent owned Isua iron ore project of 574 million tonnes at 37 percent Fe, including 114 million tonnes at 37 percent Fe of indicated resources, based on a 20 percent cut-off.

Metallurgical work is currently ongoing to confirm that high grade iron concentrate can be produced consistently from the Isua resource. London Mining also plans  additional infill and extensional drilling at Isua in 2010. A pre-feasibility study is due to be completed in February 2010.

CEO Graeme Hossie said: "The delineation of additional resources at Isua is a further step towards defining the economic parameters of the project. Isua is ideally equipped to take advantage of the seaborne iron ore market  by virtue of its size, grade, and proximity to a section of the Greenland coast that permits year round shipping. Isua stands out because of its potential to supply a product suitable for the direct reduction iron market.

Isua is located 150 kilometres Northeast of Nuuk and is owned through London Mining Greenland A/S. Isua is one of London Mining's four principal iron ore projects together with: Marampa in Sierra Leone; Wadi Sawawin in Saudi Arabia; and the CGMR joint venture in China. It also has coal assets in South Africa and Colombia.

Last month, London Mining listed some of its existing shares on the AIM market in a move aimed at gaining benefit from research coverage of the mining sector in London and gain exposure to UK investors. The AIM listing augments its notation on the Oslo as well as Frankfurt stock exchanges.

In early November, London Mining reported a cash position of US$230 million as of September 30 2009, which it said was sufficient to fund its Marampa project in Sierra Leone to production within 12 to 18 months, its Wadi Sawawin project through to bankable feasibility study due later in 2009, and the Isua project through to bankable feasibility study by the end of 2010 and upgrade all resource estimates to JORC standards within 9 months.

Marampa tailings and Wadi Sawawin are expected to get upgraded to JORC before the end of 2009, while an upgrade of Marampa primary ore and China resources to JORC is expected within 9 months.

AddThis Feed Button
Register here to be notified of Proactiveinvestors One2One Forums.

Investors interested in London Mining recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.