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.