UK-based London
Mining, a global diversified miner targeting the steel sector, has announced that it is in dispute with the international commodities producer and trader
Glencore regarding a cash prepayment amount which London
Mining has requested and which
Glencore has refused to pay.
The company is currently considering the options which may be available to it under its offtake agreement with
Glencore including termination of the agreement. London
Mining also said that it is in discussions with its core lender to provide the required short-term replacement liquidity.