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London Mining
Description
London Mining is producing from its Marampa Mine in Sierra Leone and developing two other
iron ore mines in Saudi Arabia and Greenland as well as a coking operation in Colombia. All
London Mining's assets have deliverable production with potential for expansion. The Company
listed on AIM in London on 6 November 2009




About Us
London Mining is an expanding producer of high specification iron ore for the global steel
industry and is focused on identifying, developing and operating sustainable mines. London
Mining commenced sales from the Marampa mine in Sierra Leone in 2012 and expects to reach
production capacity of 5Mtpa in 2013. A prefeasibility study was completed in 2011 which
shows that Marampa has resources to support a staged expansion to over 16Mtpa. London
Mining has also completed bankable feasibility studies outlining plans for a further 20Mtpa of
iron ore production by developing two other mines in Greenland and Saudi Arabia. In addition
London Mining is producing from a coke operation with coking coal resource potential in
Colombia. The Company listed on London AIM on 6 November 2009.
Operations
   Iron Ore
   London Mining has total iron ore resources of 2.2 billion tonnes with targeted production
   of over 30Mtpa of high grade concentrates planned from its projects in Sierra Leone,
   Greenland and Saudi Arabia. Our strategy is to provide a viable alternative to the
   diversified miners and upstream integration by selecting assets with unique competitive
   advantages and high margin potential in countries with a national interest in mining. For
   example:

        Marampa (Sierra Leone) has a short lead time to production and is located in a
         region of significant geological potential
        Isua (Greenland) will produce a high quality magnetite concentrate
        Wadi Sawawin (Saudi Arabia) benefits from a low energy costs and a significant
         supply gap in the Middle East and North Africa region




   Sierra Leone
       The Marampa mine is located 125km by road north-east of Freetown and 40km
        by dedicated haul road from tidewater at the Thofeyim river terminal.
       The Marampa deposit was first discovered in 1926 and open pit production was
        commenced by the Sierra Leone Development Company (“Delco”) and William
        Baird between 1933 and 1975. By the 1960’s iron ore production had reached 2
        Mtpa before low iron ore prices forced the mines closure. Continuing weak
        market economics and the civil war prevented redevelopment of the mine until the
        mining licence was acquired by London Mining in 2006.
       London Mining secured an option to acquire the mining rights at the Marampa
        mine in December 2005. After securing funding, London Mining was able to
        exercise the option in January 2006 and in September 2006 the Marampa mining
        lease was assigned to LMC, a 100% subsidiary of London Mining. The Marampa
        mine recommenced production in December 2011.
Sustainability
  o As we continue to develop our mining assets, we are ever more aware of how important
    sustainability is to our operations. It is at the heart of how we develop a lasting business,
    make a long term contribution and deliver value.
  o We are looking to the future and how we will live and work together with the
    communities and organisations around our operations now and in the years ahead. We
    recognise the importance of exploring fully all the options that will enable us to meet our
    long term responsibility for our resources and surroundings. This genuine commitment to
    sustainability is a key part of the way we will contribute, endure and prosper.
  o We carefully manage the environmental, economic and social dimensions of our
    operations to ensure sustainable outcomes. Healthy environments provide the foundation
    for vital goods and services. Sustainable economics support future financial actions.
    Social sustainability reinforces the acceptability of our operations to local and global
    communities. We also focus on the health, safety and environment (“HSE”) aspect of our
    mining operations. We manage this as a separate area of sustainability as we recognise
    the importance and specific requirements of keeping our workforce safe and able to
    continue their daily tasks.
  o

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London mining

  • 1. London Mining Description London Mining is producing from its Marampa Mine in Sierra Leone and developing two other iron ore mines in Saudi Arabia and Greenland as well as a coking operation in Colombia. All London Mining's assets have deliverable production with potential for expansion. The Company listed on AIM in London on 6 November 2009 About Us London Mining is an expanding producer of high specification iron ore for the global steel industry and is focused on identifying, developing and operating sustainable mines. London Mining commenced sales from the Marampa mine in Sierra Leone in 2012 and expects to reach production capacity of 5Mtpa in 2013. A prefeasibility study was completed in 2011 which shows that Marampa has resources to support a staged expansion to over 16Mtpa. London Mining has also completed bankable feasibility studies outlining plans for a further 20Mtpa of iron ore production by developing two other mines in Greenland and Saudi Arabia. In addition London Mining is producing from a coke operation with coking coal resource potential in Colombia. The Company listed on London AIM on 6 November 2009.
  • 2. Operations Iron Ore London Mining has total iron ore resources of 2.2 billion tonnes with targeted production of over 30Mtpa of high grade concentrates planned from its projects in Sierra Leone, Greenland and Saudi Arabia. Our strategy is to provide a viable alternative to the diversified miners and upstream integration by selecting assets with unique competitive advantages and high margin potential in countries with a national interest in mining. For example:  Marampa (Sierra Leone) has a short lead time to production and is located in a region of significant geological potential  Isua (Greenland) will produce a high quality magnetite concentrate  Wadi Sawawin (Saudi Arabia) benefits from a low energy costs and a significant supply gap in the Middle East and North Africa region Sierra Leone  The Marampa mine is located 125km by road north-east of Freetown and 40km by dedicated haul road from tidewater at the Thofeyim river terminal.  The Marampa deposit was first discovered in 1926 and open pit production was commenced by the Sierra Leone Development Company (“Delco”) and William Baird between 1933 and 1975. By the 1960’s iron ore production had reached 2 Mtpa before low iron ore prices forced the mines closure. Continuing weak market economics and the civil war prevented redevelopment of the mine until the mining licence was acquired by London Mining in 2006.  London Mining secured an option to acquire the mining rights at the Marampa mine in December 2005. After securing funding, London Mining was able to exercise the option in January 2006 and in September 2006 the Marampa mining lease was assigned to LMC, a 100% subsidiary of London Mining. The Marampa mine recommenced production in December 2011.
  • 3. Sustainability o As we continue to develop our mining assets, we are ever more aware of how important sustainability is to our operations. It is at the heart of how we develop a lasting business, make a long term contribution and deliver value. o We are looking to the future and how we will live and work together with the communities and organisations around our operations now and in the years ahead. We recognise the importance of exploring fully all the options that will enable us to meet our long term responsibility for our resources and surroundings. This genuine commitment to sustainability is a key part of the way we will contribute, endure and prosper. o We carefully manage the environmental, economic and social dimensions of our operations to ensure sustainable outcomes. Healthy environments provide the foundation for vital goods and services. Sustainable economics support future financial actions. Social sustainability reinforces the acceptability of our operations to local and global communities. We also focus on the health, safety and environment (“HSE”) aspect of our mining operations. We manage this as a separate area of sustainability as we recognise the importance and specific requirements of keeping our workforce safe and able to continue their daily tasks. o