![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/quotes_7a.gif)
London Mining Plc started production of iron ore from its Marampa operation in Sierra Leone
London Mining Plc said it has started production of iron ore from its Marampa operation in Sierra Leone and that the first shipment is on track to be completed by the end of this year.
Production will ramp up during the first half of 2012 to over 160,000 tonnes a month, with 1.8 million tonnes of production still targeted for 2012.
“The production of high specification iron ore product from our plant at Marampa after decades of mine inactivity marks the beginning of our Phase 1 ramp up and forms the basis for our phased expansions to 16 Mtpa (million tonnes per annum),” said Chief Executive Graeme Hossie.
The miner said it 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. – Reuters
Related Articles
- Anglo logs upbeat results, but Minas Rio, Amplats still a thorn in Cutifani's side - April 23rd, 2013
- BHP keeps production guidance despite falling prices and bad weather - April 20th, 2013
- South Africa's Exxaro to mine iron ore in the Congo - April 20th, 2013
- High Australian mining wages attract dubious workers - April 20th, 2013
- Inflation to play small part in 'Great Recession' narrative: IMF - April 20th, 2013
- Alcoa, China spark massive rally in miners and metals - April 20th, 2013
- $45bn and counting: China's foreign mining misadventures - April 20th, 2013
- It's been a good run: commodities traders out-earned the big banks 2003-2013 - April 20th, 2013
Tags: base metals, industrial metals, Iron ore, iron ore price, Iron ore prices, London Mining Plc
Posted by 
