London Mining Plans

What are your reserves and resources for each project?
Please refer to the reserves and resources section of our most recent presentation.

What is your acquisition strategy? London Mining may from time to time look at acquisitions where we can bring our proven technical capability to bear on assets which are scaleable, have deliverable logistics and potential for rapid development.

We have a track record of identifying and acquiring assets that have the potential to be rapidly developed using our experience and technical capability and which provide significant value creation potential by bringing on near term production. We are adept at optimising our assets to reach their economic potential.

What are your development plans for 2012?

We expect to deliver 1.5Mt of iron ore production from Marampa in 2012 and through construction of our second plant grow to 4.2Mt in 2013 and to 5Mt in 2014.

We expect that the BFS for the Marampa expansion to 9Mtpa will be completed in Q3 2012. This will provide us with the opportunity to invest further in the project using cash flow from operations to expand production and generate exceptional financial returns.

We have commenced production from our coke ovens in Colombia from local coking coal supply and will ramp up to200ktpa by the end of 2012. We are looking to secure coking coal feedstock though our exploration activities to develop integrated production and opportunities for export.