London Mining Technical Team addition in CGMR

London Mining is pleased to announce the appointment of John Wonnacott, as the Project Director for the Isua Project in Greenland and Rinaldo Nardi as Senior Specialist in Mineral Processing and Plant Design.

John Wonnacott is a civil and geotechnical engineer with 30 years experience with particular expertise in the development of projects in cold weather climates. Most notably between 1997 and 2003 John was the Deputy Project manager and Chief Engineer of the Diavik Diamond Mine in Canada where he hired, led and directed a team of engineers responsible for the design and construction of a $1.3 billion new mine installation 100 Km south of Arctic Circle.

Rinaldo Nardi is a mining engineer and is also a doctor in mineral engineering. He has 35 years experience including 25 years with Vale. Rinaldo has significant expertise of managing both iron ore and coal projects at the design, construction and start-up stages.

John and Rinaldo augment the project and technical services teams led by COO Luciano Ramos. Luciano's team has recently been expanded to provide support for the continued fast track development of projects in China, Sierra Leone, Saudi Arabia and Greenland.

In the last quarterly report London Mining announced the hiring of Phillip Sterling, a metallurgical engineer with over 25 years experience with Samarco Mineração Rio do Norte, Savage River Mines and BHP Billiton, as General Manager for Mineral Processing, Engineering & Mining Operations, and Sergio Guedes, a geologist with over 20 years experience and formerly with CVRD and Rio Tinto, as General Manager for Mineral Resources.  Separately, David Keili, a Sierra Leone national with extensive western training in the US including an MBA, and 28 years experience in civil engineering and mining, was appointed as Project Director for the Marampa Project in Sierra Leone.

Luciano Ramos said "The success of any company is directly linked with the competency and capability of its team. London Mining's investment in the right people has been the cornerstone of its success so far and we continue to build on our core of industry professionals with experience of some of the world's best mining projects. Our aim is to have a technical services and project management capability that will enable us to execute our ambition to become a leading mining company."

London Mining

LONDON MINING AND CSN SIGN MEMORANDUM

London Mining Developing Mines

London Mining  PLC (LOND.L)

London Mining Plc is developing mines to supply the global steel industry. The Company has iron ore exploration and development projects located in Sierra Leone, Saudi Arabia, Greenland, China and Chile, and a coking coal project in Colombia. The Company’s products include pellet feed, P1 sinter feed / P2 sinter/pellet and DR pellets. The Marampa mine is a 13.82 square kilometers brownfields site. The Company focuses to develop Marampa in two phases. The Wadi Sawawin Project is located in the north-west corner of Saudi Arabia, 125 kilometers from Tabuk and 60 kilometers from the Red Sea port of Duba. Greenland includes the Isua Project. Isua is located 150 kilometers Northeast of Nuuk. Isua will produce a 70% Fe pellet feed concentrate. London Mining had completed three seasons of exploration drilling on the Isua Project.

LONDON MINING SIGN A NEW LONG TERM OFF - TAKE AGREEMENT

 LONDON MINING SIGN A NEW LONG TERM OFF - TAKE AGREEMENT

London Mining Plc is pleased to announce that it has signed a long term off-take agreement for 4 million tonnes of iron ore per annum with Suns Trading Ltd, a wholly owned subsidiary of Suns International Holdings Ltd.

London Mining has signed a long term iron ore purchasing agreement with Suns Trading Ltd. whereby Suns will purchase on a "take or pay" basis the Company's available production exports up to a committed quantity of 4 million tonnes per year. The contract pricing is based on CVRD benchmark prices and an additional marketing fee will be payable for managing the ongoing commercial and supply arrangements with steel mills in China directly on behalf of London Mining. Suns and its end-users have expressed demands of more than 4mtpa which will be at the Company's discretion.  Suns Trading currently manages iron ore buying for over 12 steel mills in China and supplies approximately 15m tonnes of iron ore lump and fines per year to mills in various provinces in southern and northern China.

Suns Chairman, Wilson Chen said: "We are very happy to have agreed this important purchasing contract with London Mining.  We have high and rapidly growing demand for this essential commodity amongst our steel mill clients and the relationship with and supply from London Mining is important for meeting their expanding needs for high quality iron ore in the future."

Graeme Hossie, Corporate Development and Deputy Managing Director for London Mining said: "This deal gives London Mining multiple customers in China providing a diversified purchasing base so as not to be reliant on one steel group. It also provides capable and seasoned commercial management of the end user relationships allowing London Mining to focus on expanding production in its mines worldwide.  As Suns is a Hong Kong based group long established in international business and supplying Chinese companies, the relationship resolves cultural, language and bureaucratic issues for London Mining in supplying Chinese customers and extends London Mining's customer reach and relationships within China."

London Mining images

London Mining Images