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1. London Mining Charity News 

2. London Mining donates rice to landowners.

3. Objective and Strategies of London Mining in CGMR.

London Mining Developing Mines

London Mining  PLC (LOND.L)

London Mining Plc is developing mines to supply the global steel industry. The Company has iron ore exploration and development projects located in Sierra Leone, Saudi Arabia, Greenland, China and Chile, and a coking coal project in Colombia. The Company’s products include pellet feed, P1 sinter feed / P2 sinter/pellet and DR pellets. The Marampa mine is a 13.82 square kilometers brownfields site. The Company focuses to develop Marampa in two phases. The Wadi Sawawin Project is located in the north-west corner of Saudi Arabia, 125 kilometers from Tabuk and 60 kilometers from the Red Sea port of Duba. Greenland includes the Isua Project. Isua is located 150 kilometers Northeast of Nuuk. Isua will produce a 70% Fe pellet feed concentrate. London Mining had completed three seasons of exploration drilling on the Isua Project.

LONDON MINING SIGN A NEW LONG TERM OFF - TAKE AGREEMENT

 LONDON MINING SIGN A NEW LONG TERM OFF - TAKE AGREEMENT

London Mining Plc is pleased to announce that it has signed a long term off-take agreement for 4 million tonnes of iron ore per annum with Suns Trading Ltd, a wholly owned subsidiary of Suns International Holdings Ltd.

London Mining has signed a long term iron ore purchasing agreement with Suns Trading Ltd. whereby Suns will purchase on a "take or pay" basis the Company's available production exports up to a committed quantity of 4 million tonnes per year. The contract pricing is based on CVRD benchmark prices and an additional marketing fee will be payable for managing the ongoing commercial and supply arrangements with steel mills in China directly on behalf of London Mining. Suns and its end-users have expressed demands of more than 4mtpa which will be at the Company's discretion.  Suns Trading currently manages iron ore buying for over 12 steel mills in China and supplies approximately 15m tonnes of iron ore lump and fines per year to mills in various provinces in southern and northern China.

Suns Chairman, Wilson Chen said: "We are very happy to have agreed this important purchasing contract with London Mining.  We have high and rapidly growing demand for this essential commodity amongst our steel mill clients and the relationship with and supply from London Mining is important for meeting their expanding needs for high quality iron ore in the future."

Graeme Hossie, Corporate Development and Deputy Managing Director for London Mining said: "This deal gives London Mining multiple customers in China providing a diversified purchasing base so as not to be reliant on one steel group. It also provides capable and seasoned commercial management of the end user relationships allowing London Mining to focus on expanding production in its mines worldwide.  As Suns is a Hong Kong based group long established in international business and supplying Chinese companies, the relationship resolves cultural, language and bureaucratic issues for London Mining in supplying Chinese customers and extends London Mining's customer reach and relationships within China."

London Mining Iron ore

London Mining Iron ore Company

      Iron-ore miner London Mining continues to make significant progress at its Marampa mine, in Sierra Leone, with the ramp-up of the initial Phase 1a plant production. Production will ramp up during the first half of 2012 to over 160 000 t/m, with 1.8-million tons of production still targeted for next year. A prefeasibility study (PFS), which was completed earlier this year, indicated the viability of an expansion to 16-million tons a year during Phase 2. The PFS considers the extension of Marampa to 2036 and comprises three phases, namely Phase 2a, Phase 2b and Phase 2c. The first phase – a low capital expenditure expansion – includes the initial expansion of eight-million tons a year at an estimated cost of $659-million, and provides the miner with several options of financing the expansion, such as funding from project cash flow.
The miner says the $1 187-million Phase 2b expansion will increase production to a total of 16-million tons a year, based on the mining and processing of the unweathered portion of the Marampa orebody. Lastly, Phase 2c adds regrinding and flotation capacity to the sinter concentrate circuit to allow for processing of unweathered ore once soft weathered ore has been depleted. The estimated capital cost of Phase 2c is $523-million and, while it will use Phase 2b logistics, this phase will require an expansion of the port and power facilities. Engineering project house Bateman Engineering has been appointed to complete the bankable feasibility study for the Phase 2a expansion and is expected to be complete by the end of the second quarter of 2012.

Meanwhile, the Phase 1 logistics solution is in the final stages of commissioning. Integrated logistics group Bolloré Africa Logistics has commissioned the truck haulage fleet, driver training has taken place and the entire length of the 40 km haul road is ready for movement of concentrate, London Mining reports. Further, the construction of the Thofeyim port will allow barge loading from mid- December and is expected to be fully complete by the end of December for loading at the full Phase 1 rate of 20 000 t/d. “The Lamnalco tug and barge fleet arrived in Sierra Leone in mid-November, and training and commissioning is progressing to be ready for loading and first shipment later this month,” the company says. Dredging and rock removal have been undertaken to ensure the minimum required draft of 3.5 m along the entire length of the barging route. No maintenance dredging is expected to be required for several years of the channel’s use.

First export from Sierra Leone is on track to be completed by the end of the 2011. Transport from Korea and commissioning of London Mining’s Pride of Marampa transshipment vessel will occur during the first quarter of 2012 to enable the loading of Capesize ships. As agreed through its offtake agreement with trading house Glencore, London Mining has received its first prepayment from Glencore for its scheduled December shipment and expects to receive a further prepayment for its January shipment later this month.