London Mining eyes $40m Marampa iron ore expansion

Sierra Leone-focused iron ore producer London Mining is planning to spend $40 million expanding its Marampa iron ore mine to 6 million tpy, the miner said on Wednesday September 25.

The miner is looking to fund the expansion through reinvestment of cashflow and said total debt will not be significantly increased.

“The incremental expansion and other initiatives identified by the feasibility study will reduce average operating costs to $42 per dry metric tonnes to...


September 25, 2013

17:02 GMT