UK-based London Mining, a global diversified miner targeting the steel sector, has announced its operational results for the fourth quarter and the full year 2012.
In the fourth quarter, at Marampa mine in Sierra Leone, London Mining produced 546,000 wet mt of iron ore concentrate, up 46 percent quarter on quarter, due to increased mining productivity following the engagement of a new mining contractor, as well as an improvement in plant availability and metallurgical recoveries. For the full year 2012, London Mining produced 1.52 million dry mt of iron ore concentrate, exceeding its 2012 production target of 1.5 million dry mt.
In the given quarter, iron ore concentrate sales of London Mining amounted to 387,000 wet mt, rising by 32 percent compared to the third quarter.
London Mining produced 14,695 mt of coke in the fourth quarter, increasing by 13.6 percent compared to the previous quarter.
London Mining stated that the equipment installation has been completed for the second plant at Marampa and that commissioning of the second capacity of 1.8 million mt per year is underway. Plant capacity will be increased further to 5 million mt per year following further equipment installations to beneficiation capacity in the third quarter of 2013.