Metals and Mining
Company Overview of London Mining Plc
London Mining Plc identifies, develops, and operates iron ore mines for the steel industry in the United Kingdom and internationally. It holds a 100% interest in the Isua project located in Greenland; and a free carried 25% interest in the Wadi Sawawin iron ore deposit located in Saudi Arabia. The company was founded in 2005 and is headquartered in London, the United Kingdom.
103 Wigmore Street
London, W1U 1QS
Founded in 2005
Key Executives for London Mining Plc
Co-Founder, Chief Executive Officer, Director, Member of Nomination Committee and Member of Sustainability Committee
Total Annual Compensation: $1.3M
Chief Financial Officer, Corporate Development Director and Executive Director
Total Annual Compensation: $743.0K
Compensation as of Fiscal Year 2013.
London Mining Plc Key Developments
Timis Mulls Acquisitions Of Iron Ore Mine In Sierra Leone From London Mining
Oct 22 14
Timis Corporation is looking to buy iron ore mine in Sierra Leone from London Mining Plc (AIM:LOND). Timis has finalised a $20 million funding agreement with Australia's Cape Lambert Resources Ltd to help him acquire the Marampa mine. A spokesman for Timis Mining confirmed that the company was interested in acquiring the Marampa mine, but he did not give any further details. A spokesman for London Mining declined immediate comment to Reuters.
JSW Steel In Advanced Stages Of Acquiring London Mining
Oct 12 14
JSW Steel Ltd. (BSE:500228) is close to acquiring London Mining Plc (AIM:LOND). "JSW Steel is very close to finalizing a deal to acquire London Mining which is battling big debts amid crashing iron-ore prices and the Ebola outbreak in Africa, where it operates a mine," a source privy to the information said. The announcement of acquisition may be made on October 21, 2014 along with the financial results, the source said without divulging details of the deal or financial considerations. Queries sent to the company about any possible acquisition of London Mining remained unanswered, reported Economic times.
JSW Steel Reportedly Eyes London Mining
Oct 6 14
JSW Steel Ltd. (BSE:500228) is in talks to acquire London Mining Plc (AIM:LOND), Reuters reported citing sources familiar with the matter. It is believed that talks (with London Mining) have been going on for many months. JSW people have visited them also. London Mining declined to comment. A JSW spokesman did not immediately reply to a request for comment.
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