Sable Mining Looks to Produce Iron Ore by 2015

Sable Mining (LSE:SBLM) is planning to invest about US$5 billion and export at least 10 million tonnes of iron ore per year from its Nimba iron ore deposit in Guinea, Reuters reported.

As quoted in the market news:

Mr Aboubacar Sampil, executive director of West Africa Exploration SA, Sable’s local subsidiary said that construction was expected to begin next year and production scheduled for 2015.

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