London Mining Operations

Iron Ore Division Overview

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. London Mining 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

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.