London Mining sees improved iron ore output from Marampa in Q2

Tuesday, 17 July 2012 12:26:59 (GMT+3)   |  
       

On July 17, UK-based London Mining, a global diversified miner targeting the steel sector, announced its production results for the second quarter of this year, reporting a total sales volume of 350,000 wet mt for the second quarter of 2012, up 36 percent quarter on quarter.

In the given quarter, iron ore concentrate production at London Mining's Marampa mine in Sierra Leone increased 26 percent to 397,000 wet mt compared to the previous quarter.

London Mining produced 12,616 mt of coke in the second quarter, lower than expectations due to unscheduled oven repairs. The company stated that the previously announced 200,000 mt per year production guidance is now expected in the first half of 2013.

The company also stated that it has made progress with its expansion plans to reach 5 million mt per year at Marampa next year.


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