London Mining Venture

London Mining Site

London Mining is an expanding producer of high specification iron ore for the global steel industry and  is  focused  on  identifying,  developing   and operating sustainable mines. London Mining commenced sales from the Marampa mine in Sierra Leone in 2012 and expects   to  reach   production capacity of 5Mtpa in 2013. A prefeasibility study was completed in 2011 which shows that Marampa has resources to support a  staged   expansion   to  over 16Mtpa. London Mining has also completed bankable feasibility studies outlining plans for a further 20Mtpa of iron ore production by developing two other mines in Greenland and Saudi Arabia. In   addition   London   Mining is producing from a coke  operation  with  coking  coal  resource  potential in Colombia. The Company listed on London AIM on 6 November 2009.

Wits Basin owns the Bates-Hunter Gold Mine in Central City, Colorado. Discovery of gold at the Bates-Hunter Mine in 1859 kicked off the Colorado gold rush and established Denver as a major American city. All mines in the area went dormant in 1936. This mining district has historically produced more than 4 million ounces of gold. Twenty-five percent (25%) of all the gold mined came from the area immediately surrounding the Bates-Hunter mine. Wits Basin’s property controls the 15 principal veins underlying the mine

London Mining is pleased to announce that it has signed a letter of intent with Wits Basin Precious Minerals, Inc. (“Wits Basin”) which may result in London Mining becoming a 50/50 joint venture partner for Wits Basin‘s iron ore project in Ma Anshan in the People’s Republic of China. The potential transaction remains subject to due diligence and finalisation of definitive legal documents.

 

London Mining

London Mining today announces that China Global Mining Resources (BVI) Limited   (“CGMR”) ,  its   50/50  joint   venture   company   with  Wits   Basin  Precious Minerals Inc (“Wits Basin”), has completed  the  acquisition  of  two  companies, Maanshan Xiaonanshan Mining Co., Ltd (“XNS”) and Nanjing Sudan Mining Co., Ltd (“Sudan”), which own an iron ore mine and concentrator plant located in the Anhui and Jiangsu Provinces of the Peoples  Republic of  China.  CGMR has now taken operational control of the assets and plans immediately to commence an extensive programme to delineate further resources improve productivity and reduce costs.

London Mining is an expanding producer of high specification iron  ore  for the   global  steel    industry  and  is   focused   on  identifying,  developing   and operating sustainable  mines. London Mining   commenced   sales  from  the Marampa mine in Sierra  Leone  in  2012  and  expects  to  reach  production capacity of 5Mtpa in 2013. A prefeasibility study was completed in 2011 which shows  that  Marampa  has  resources  to  support  a  staged  expansion to  over 16Mtpa. London  Mining   has   also   completed   bankable   feasibility   studies outlining plans for a further 20Mtpa of iron ore production by developing  two other  mines  in  Greenland and  Saudi  Arabia. In  addition  London  Mining is producing   from a  coke  operation  with  coking  coal  resource   potential   in Colombia.  The  Company  listed  on  London  AIM on 6 November 2009.

Flooding are the most common form of natural disaster in the UK and are now part and parcel of the British winter months; widespread flooding happens at least once a year in the UK. Earlier this year, torrents of rain hit the UK, with Cumbria the worst-affected area; heavy, prolonged rainfall caused bridges and road networks to collapse and four people lost their lives.

In 2007, Yorkshire was hit hard by floods and some people are still recovering from the destruction caused by the floods three years later; the floods killed six people and left hundreds of people homeless and thousands without electricity.

Flooding can come from various sources, from coastal waters, from rivers (also known as fluvial flooding) and surface water flooding. Of all these sources London is most vulnerable  to  surface  water flooding. Heavy   rainfall can swiftly overwhelm the drainage network, leading to flooding of low-lying areas.

London Mining Introduction

London Mining is an expanding producer of high specification iron ore for the  global steel  industry  and  is   focused  on   identifying,   developing   and  operating  sustainable  mines. London Mining  commenced   sales  from the Marampa  mine   in   Sierra  Leone  in  2012  and expects  to  reach  production  capacity of 5 Mtpa in 2013. A prefeasibility study was completed in 2011 which shows that Marampa has  resources  to  support  a  staged  expansion  to  over 16Mtpa. London Mining is pleased to announce that it has signed a letter of intent with Wits Basin Precious Minerals, Inc. (“Wits Basin”) which may result in London Mining becoming a 50/50 joint venture partner for Wits Basin’s iron ore  project  in  Ma  Anshan  in  the  People’s  Republic  of  China. The  potential transaction remains subject to due diligence and finalisation of definitive legal documents.

London Mining  has  also completed bankable feasibility studies outlining plans for a further 20Mtpa of iron ore  production  by  developing  two  other  mines  in   Greenland  and   Saudi  Arabia.  In   addition  London Mining   is  producing  from  a  coke   operation  with  coking  coal  resource  potential in Colombia. The  Company  listed  on  London  AIM  on  6  November  2009.

London Mining Venture

London Mining   is    focused   on   identifying,  developing   and   operating  scaleable  mines  to  become  a mid-tier  supplier to the  global  steel  industry. London Mining is developing  four  iron  ore  mines   in  Sierra  Leone,  Saudi  Arabia,  Greenland  and  China  as well as  a coking coal operation  in  Colombia. All London Mining’s   assets  have  deliverable  production  with  potential   for expansion . The Company listed on the Oslo Axess on 9 October  2007  and on AIM in London on 6 November 2009. It trades under the symbols LOND.L and LOND.NO (Reuters) and LOND LN and LOND NO (Bloomberg).

London Mining (“London Mining” or the “Company”) announces that China Global Mining Resources  Limited (“CGMR”), a subsidiary of  the China  Global Mining Resources (BVI) Limited joint venture (“JV”) which is held 50:50 with Wits Basin Precious Minerals Inc (“Wits Basin”), has received a claim regarding the  payment  of  the  deferred  consideration  for  the purchase of   the Sudan processing plant.  The claim is to be determined through arbitration.  CGMR is in discussions with the sellers of the plant regarding this claim and a resolution (either by agreement of through arbitration) is expected in the next 6 months.  The Sellers have no legal or commercial recourse to London Mining or any subsidiary other than the CGMR JV with respect to this claim.

Flooding are the most common form of natural disaster in the UK and are now part and parcel of the British winter months; widespread flooding happens at least once a year in the UK. Earlier this year, torrents of rain hit the UK, with Cumbria the worst-affected area; heavy, prolonged rainfall caused bridges and road networks to collapse and four people lost their lives. In 2007, Yorkshire was hit hard by floods and some people  are  still  recovering  from  the destruction caused by the floods three years later; the floods killed six people and left hundreds of people homeless and thousands without electricity.