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London Mining Hunting for Investment Partner in Greenland Iron Project
Dec. 04, 2013 10:32AM PST
Base Metals Investing London Mining (LSE:LOND said on Wednesday it will seek an investment partner to develop its $2-billion iron ore mine in Greenland, The Times reported via Invezz.
London Mining (LSE:LOND said on Wednesday it will seek an investment partner to develop its $2-billion iron ore mine in Greenland, The Times reported via Invezz.
As quoted in the market news:
CEO Graeme Hossie was quoted by The Times as saying: “We have a plan that’s going to be executed in the next year going in front of the board now.” He added that the company would look at all the options, including seeking investment from sovereign wealth funds or strategic partners, such as Chinese state-backed enterprises.
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