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London Mining is incorporated in the UK and is listed on the Oslo Axess. It trades under the Reuters symbol LOND.OL and Bloomberg symbol LOND:NO.
Its principal activities are the operation and development of iron ore and coal mines to provide raw materials for steel production and energy generation. The company is well funded for its near term production requirements having retained cash from the disposal of its operations in Brazil.
In 2009, London Mining is targeting the following:
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Earnings from its recently acquired producing iron ore assets in China
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Production decision for the 3mtpa Marampa iron ore tailings project in Sierra Leone
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Finalisation of funding for the 5mtpa Wadi Sawawin iron ore mine and pelletizing facility in Saudi Arabia
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Completion of a feasibility study for the 5mtpa Isua premium magnetite project in Greenland
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Further development of its highly prospective coal portfolio in Colombia