London Mining Join Hands

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.

Flooding can come from various sources, from coastal waters, from rivers (also known as fluvial flooding) and surface water flooding. O f 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

London Mining acquired a 50% interest in China Global Mining Resources (BVI) Limited (“CGMR BVI”) in April 2009.  The remaining 50% interest is held by Wits Basin Precious Minerals Inc.  Also in April 2009, CGMR BVI, through its Hong Kong Subsidiary, CGMR, in turn completed its acquisition of the producing Xiaonanshan iron ore open pit mine and the Sudan concentrate processing plant through the acquisition of the two PRC companies Maanshan Xiaonanshan Mining Co. Ltd and Nanjing Sudan Mining Co. Ltd.

XNS holds a licence incorporating two further adjacent operating mines (Sanbanqaio and Guqaio) and is undertaking a programme of resource definition and mine planning to consolidate the three mines into a single operation.  CGMR signed a non-binding memorandum of understanding to acquire the neighbouring Sanbanqaio and Guqaio mines in August 2009, and has been conducting due diligence regarding such acquisition.  Completion of any such acquisition requires CGMR to raise external finance.

London Mining is a signatory of several initiatives to show our commitment to becoming a fully sustainable and responsible company.These initiatives enable the global community to monitor our performance and progress against internationally recognised best practice.By doing this, we align our operations with international standards and industry best practice. It also helps us to continue to reassess our progress and track our path towards becoming a flagship company among our peers.

London Mining XNS Mine

Additional information
 
The XNS mine is located approximately 44km southwest of Nanjing and 24km ESE of Maanshan, in the Anhui Province. The magnetite iron ore mineralisation occurs within a dioritic porphyry body, which has intruded into andesite and may be covered by tuffaceous breccia and tuff. The open pit mine currently mines approximately 1.2-1.5 million tpa of ore and a similar amount of waste, with mining and stripping costs estimated at 20-25Yuan RMB/t (USD 2.92-3.65/t). Resources have been estimated at 31.2million tonnes of magnetite ore averaging 23.64% Total Fe by No. 322 Geological Brigade to Chinese standards (not JORC) in March 2007.

Low grade ores and waste are crushed and magnetically concentrated on site at the preliminary concentrator, before being trucked with higher grade ores approximately 7km on a concrete paved road to the Sudan No.1 and No.2 concentration plants, located in the Jiangsu Province, where there is sufficient tailings capacity. The ore is then concentrated on a 3-3.5:1 basis to produce approximately 400,000tpa of 62-63% Fe product. The close proximity to local steel mills enables premium pricing due to the low transportation costs. In 2008, sales revenues peaked at USD 130/t and in early 2009 average around USD 85/t, with total operating costs averaging around USD 50-60/t of concentrates.

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London Mining Developing Mines

London Mining Technical Team Addition in CGMR