London Mining Talks to Find Sierra Leone Partner Continue-CEO

Bloomberg reported that London Mining Plc, which is Sierra Leone’s second biggest iron ore producer, is still continuing talks to find a partner that will help finance its planned expansion of the Marampa mine.

As quoted in the market news:

Our assets have substantial additional potential but they do require large capex to unlock,” Chief Executive Officer Graeme Hossie told reporters today on a conference call. “Whether and how quickly that strategic partnership funding plan will be realized is difficult to predict.

Click here to read the full Bloomberg report.