Monday 26 November 2012

London Mining Technical Team addition in CGMR

     London Mining is pleased to announce the appointment of John Wonnacott, as the Project Director for the Isua Project in Greenland and Rinaldo Nardi as Senior Specialist in Mineral Processing and Plant Design. 

John Wonnacott is a civil and geotechnical engineer with 30 years experience with particular expertise in the development of projects in cold weather climates. Most notably between 1997 and 2003 John was the Deputy Project manager and Chief Engineer of the Diavik Diamond Mine in Canada where he hired, led and directed a team of engineers responsible for the design and construction of a $1.3 billion new mine installation 100 Km south of Arctic Circle.

Rinaldo Nardi is a mining engineer and is also a doctor in mineral engineering. He has 35 years experience including 25 years with Vale. Rinaldo has significant expertise of managing both iron ore and coal projects at the design, construction and start-up stages.

John and Rinaldo augment the project and technical services teams led by COO Luciano Ramos. Luciano's team has recently been expanded to provide support for the continued fast track development of projects in China, Sierra Leone, Saudi Arabia and Greenland.

In the last quarterly report London Mining announced the hiring of Phillip Sterling, a metallurgical engineer with over 25 years experience with Samarco Mineração Rio do Norte, Savage River Mines and BHP Billiton, as General Manager for Mineral Processing, Engineering & Mining Operations, and Sergio Guedes, a geologist with over 20 years experience and formerly with CVRD and Rio Tinto, as General Manager for Mineral Resources.  Separately, David Keili, a Sierra Leone national with extensive western training in the US including an MBA, and 28 years experience in civil engineering and mining, was appointed as Project Director for the Marampa Project in Sierra Leone.

Luciano Ramos said "The success of any company is directly linked with the competency and capability of its team. London Mining's investment in the right people has been the cornerstone of its success so far and we continue to build on our core of industry professionals with experience of some of the world's best mining projects. Our aim is to have a technical services and project management capability that will enable us to execute our ambition to become a leading mining company."

Monday 6 August 2012

Q2 2012 PRODUCTION REPORT


Q2 2012 PRODUCTION REPORT

Highlights
  • Quarterly production of 397,000 wmt (369,000 dmt) of iron ore from Marampa mine in Sierra Leone, up 26% on previous quarter
  • Sales of 350,000k wmt (326,000 dmt), up 36% on previous quarter
  • Consistent premium quality specification ore of 65.3% Fe with low impurities
  • Expansion to 5Mtpa progressing well  with second plant  expected to be commissioned in Q1 2013
  • Ramp up tracking production of 1.5Mt in 2012
Post period highlights
  • Appointment of James North as Chief Operating Officer
Graeme Hossie, Chief Executive Officer of London Mining said "The ramp up at Marampa is going well and we are on track with our production plans. We continue to ship our premium quality ore to customers in China where the product has been extremely well received. We have made excellent progress with our expansion plans at Marampa to 5Mtpa next year and will complete our bankable feasibility study for the next stage growth to 9Mtpa later this year as planned. The combination of near term softening of spot prices, along with an extended commissioning period of the transhipment platform has reduced current margins, however we expect a significant margin uplift once we commence loading of larger, ungeared vessels in Q3 2012. Overall, we are pleased with the progress we have made this quarter, with logistics from mine to ship proven to be robust in the earlier than expected wet season. The hedging of some of our 2012 volume at USD148/dmt has also helped our realised price.
I am also delighted about the recent appointment of James North, who will replace Luciano Ramos as COO of the Company. James brings over 20 years of mining experience to London Mining and will play a vital role as we continue the ramp up at Marampa and execute our planned expansion plans. I am also extremely pleased that Luciano remains on the board and continues to provide ongoing support and technical advice.”

Monday 30 July 2012

LONDON MINING IS FOCUSED ON IDENTIFYING, DEVELOPING AND OPERATING MINES TO BECOME A SIGNIFICANT PRODUCER OF IRON ORE.

London Mining is producing from its Marampa Mine in Sierra Leone and developing two other iron ore mines in Saudi Arabia and Greenland as well as a coking operation in Colombia. All London Mining's assets have deliverable production with potential for expansion. The Company listed on AIM in London on 6 November 2009. It trades under the symbols LOND.L (Reuters) and LOND LN (Bloomberg).


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GBp 147.25Last Updated:

25 Jul 2012 close







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