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ANNUAL OVERVIEW FOR LONDON MINING
Issuers of listed transferable securities are, according to the Securities Trading Act section §5-11 required to provide Oslo Stock Exchange with a document listing all relevant information they have made available to the public over the preceding 12 months in compliance with their legal obligations.
Attached is an overview of all information made available to the public from London Mining from 1 July 2007 until 31 March 2008.
For further information, please contact:
London Mining Plc
Graeme Hossie, Corporate Development & Deputy Managing Director +44 (0) 20 7495 6210
About London Mining Plc
Incorporated and registered in the UK, London Mining is developing mines to supply the global steel industry. The Company has operational mining, exploration and development projects located in Brazil, Sierra Leone, Greenland and Mexico. In 2007, London Mining raised over US$125million in equity and US$60m in debt to finance development and expansion of its operations to meet the demand of world steel consumption.
Core near term objectives:
- Ramping up production to over 5mtpa from its operating itabirite iron ore mine in Brazil
- Bringing into production a previously mined specular hematite iron ore operation in Sierra Leone
- Completing feasibility studies on the Wadi Sawawin project under a joint venture with the National Mining Company of Saudi Arabia
- Completing feasibility studies on a major magnetite iron ore deposit in Greenland
- Continuing exploration under a 49% JV on an exploration magnetite deposit in Mexico.
On 9 October 2007, London Mining listed on the Axess market of the Oslo Stock Exchange www.osloaxess.no and trades under the Reuters symbol LOND.OL and Bloomberg symbol LOND.NO. Please also visit our website www.londonmining.co.uk for more information about London Mining and its operations.