Mining License Granted to Sable Mining in 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.

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