London Mining:Iron Ore

Iron Ore Division Overview

London Mining has total iron ore resources of 2.2 billion tonnes with targeted production of over 30 Mtpa of  high  grade concentrates planned  from its  projects in Sierra Leone, Greenland and Saudi  Arabia. Our strategy is to provide a viable alternative to the diversified miners and upstream integration by selecting assets with unique competitive advantages and high margin potential in countries with a national interest in mining. For example:
Marampa (Sierra Leone) has a short lead time to production and is located in a region of significant geological potential
Isua (Greenland) will produce a high quality magnetite concentrate
Wadi Sawawin (Saudi Arabia) benefits from a low energy costs and a significant supply gap in the Middle East and North Africa region

London Mining is to recieve a direct interest of 25% in the Wadi Sawawin project through its joint venture partner in the project National Mining Company (NMC). NMC holds the historical exploitation licence for the Wadi Sawawin project and three adjacent exploration licences. 

London Mining is producing from its Marampa Mine in Sierra Leone and developing two other iron ormines in Saudi Arabia and Greenland as well as a coking operation in Colombia.

London Mining:Sustainability

At London Mining we continue to develop our mining assets, we are ever more aware of how important sustainability is to our operations. It is at the heart of how we develop a lasting business, make a long term contribution and deliver value.

We are looking to the future and how we will live and work together with the communities and organisations around our operations now and in the years ahead.London Mining recognise the importance of exploring fully all the options that will enable us to meet our long term responsibility for our resources and surroundings. This genuine commitment to sustainability is a key part of the way we will contribute, endure and prosper.

The purpose of his role is to develop a Group-level sustainability vision, framework and governance process. The framework will enable us to provide greater oversight and, in turn, control of our resources at both corporate and project levels. It will also increase our ability to predict and deal with both risk and opportunity, while maintaining the drive and focus of the individuals and teams around the world.

London Mining promotes Sustainability

Recognising the importance of sustainability

As we continue to develop our mining assets, we are even more aware of how important sustainability is to our operations. It is at the heart of how we develop a lasting business, make a long term contribution and deliver value.

We are looking to the future and how we will live and work together with the communities and organisations around our operations now and in the years ahead. We recognize the importance of exploring fully all the options that will enable us to meet our long term responsibility for our resources and surroundings. This genuine commitment to sustainability is a key part of the way we will contribute, endure and prosper.

We carefully manage the environmental, economic and social dimensions of our operations to ensure sustainable outcomes. Healthy environments provide the foundation for vital goods and services. Sustainable economics support future financial actions. Social sustainability reinforces the acceptability of our operations to local and global communities. We also focus on the health, safety and environment (“HSE”) aspect of our mining operations. We manage this as a separate area of sustainability as we recognize the importance and specific requirements of keeping our workforce safe and able to continue their daily tasks.

In 2011 we appointed Claude Perras as Head of Sustainability.Sustainability The purpose of his role is to develop a Group-level sustainability vision, framework and governance process. The framework will enable us to provide greater oversight and, in turn, control of our resources at both corporate and project levels. It will also increase our ability to predict and deal with both risk and opportunity, while maintaining the drive and focus of the individuals and teams around the world.

London mining is predicted to contribute to a GDP growth of 50% in Sierra Leone in 2012. The start of production at Marampa in January 2012 has resulted in the first royalty payment to the Government of Sierra Leone and to the Marampa community development fund. The community development fund will be used for both regional and national development projects.