UK-based
London Mining, a global diversified miner targeting the steel sector, has announced that it is seeking a strategic partner for its Marampa
iron ore project located in
Sierra Leone.
In view of ongoing pricing volatility and the potential now identified to deliver increased production and reduced operating cost with further investment,
London Mining said it has initiated the process to secure a strategic partner for a minority interest at the Marampa asset level by the end of the current year to reduce debt and fund an accelerated growth plan.