FAQS

FAQS

What is your company strategy?
London Mining focuses on assets that are scalable, have deliverable logistics with potential for rapid development.

What is your main objective?
London Mining’s objective is to identify, develop and operate scalable mines to become a mid-tier supplier to the global steel industry.

When was the company incorporated?
April 2005.

How many people do you employ?
In 2010 the average monthly number of employees for continuing operations (including Directors) was:

What are your reserves and resources for each project?
Please refer to the reserves and resources section of our most recent presentation.

What is your acquisition strategy?
London Mining may from time to time look at acquisitions where we can bring our proven technical capability to bear on assets which are scaleable, have deliverable logistics and potential for rapid development.

What are your development plans for 2011?
Our focus is currently on bringing Marampa into production but we expect to hit important milestones for all our projects in 2011.

How is the environment for mining in all of the jurisdicitions in which you operate?
London Mining focuses on jurisdictions where there is a strong national interest in mining and where there is a workable mining code.

Who are your shareholders?
We have a free float of around 90%. Our shareholders are a mix of management & employees, institutions (comprising a mix of long only and hedge funds) and an active retail investor base.

Where are the company's shares traded?
Our shares are traded on the AIM in London and the Oslo Axess.

What is your dividend policy?
London Mining is in the important growth stage of its business and does not expect to pay a dividend until it has established production and is generating excess cash. However the company has a track record of making exceptional returns and paid a special dividend after the disposal of its Brazilian business to Mittel in 2008.

How can I receive shareholder documents? 
Electronic copies of all our documents are available on our website www.londonmining.co.uk, for paper copies please contact our investor relations team.