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    Mining License Granted to Sable Mining in Guinea

    Investing News Network
    Oct. 11, 2013 11:52AM PST
    Base Metals Investing

    Mining Weekly reported that Sable Mining Africa (LSE:SBLM) has been granted a mining licence for its Nimba iron-ore project, in south-west Guinea.

    Mining Weekly reported that Sable Mining Africa (LSE:SBLM) has been granted a mining licence for its Nimba iron-ore project, in south-west Guinea.

    As quoted in the market news:

    The licence was issued to the company’s 80%-owned subsidiary, West Africa Exploration, and signed by Guinea President Alpha Conde. It covers the initial area of focus at Nimba – a 23 km2 area covering portions of Plateaux 2 and Plateaux 3 of the 123.5 km2 Nimba project, which has a current Joint Ore Reserves Committee- (Jorc-) compliant resource of 135.5-million tons.

    Click here for the full Mining Weekly article

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