1. Governance of London Mining Plc
London Mining plc (the “Company”) is committed to maintaining high standards of corporate governance. The Company has adopted a common approach to corporate governance to comply with regulatory obligations associated with its listing on the AIM market of the London Stock Exchange (“AIM”) and the Oslo Axess of the Oslo Stock Exchange (“Oslo Axess”).
2. Combined Code compliance
The Company is required to state how it has applied the principles set out in Section 1 of the Combined Code and which relate to its Directors, remuneration, accountability and audit and relations with shareholders. The Company’s 2009 annual report provides statements to satisfy this obligation.
The Company has scoped out its material investment in its Chinese joint venture for the purpose of these Corporate Governance disclosures as permitted by the Turnbull Guidance on internal controls. The Company and its joint venture partner intends to implement enhanced financial reporting procedures as it prepares the joint venture for a potential listing on the Hong Kong stock exchange.
London Mining 