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Last 0.50 GBp
Change Today 0.00 / 0.00%
Volume 3.3M
SBLM On Other Exchanges
Symbol
Exchange
Frankfurt
OTC US
As of 11:35 AM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

sable mining africa ltd (SBLM) Snapshot

Open
0.50 GBp
Previous Close
0.50 GBp
Day High
0.53 GBp
Day Low
0.49 GBp
52 Week High
08/4/14 - 5.75 GBp
52 Week Low
07/28/15 - 0.45 GBp
Market Cap
5.5M
Average Volume 10 Days
8.0M
EPS TTM
-0.02 GBp
Shares Outstanding
1.1B
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SABLE MINING AFRICA LTD (SBLM)

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sable mining africa ltd (SBLM) Details

Sable Mining Africa Limited, a resource company, explores and develops iron ore and coal properties in Africa. The company’s flagship property includes the Nimba iron ore project located in south-east Guinée. It is also involved in the property holding activities; and provision of logistics and aviation services. The company was formerly known as BioEnergy Africa Limited and changed its name to Sable Mining Africa Limited in November 2009. Sable Mining Africa Limited was incorporated in 2007 and is based in Road Town, the British Virgin Islands.

86 Employees
Last Reported Date: 09/29/14
Founded in 2007

sable mining africa ltd (SBLM) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

sable mining africa ltd (SBLM) Key Developments

Sable Mining Africa Limited Announces Positive Results from Metallurgical Test Work Conducted At the Plateau 2 Area of the 205.2 Million Tonnes Nimba Iron Ore Project in Guinea

Sable Mining Africa Limited announced positive results from metallurgical test work conducted at the Plateau 2 area of the 205.2 million tonnes ('Mt') Nimba Iron Ore Project in Guinea. Detailed mine scheduling shows a life of mine of more than 20 years, and highlighted the ability to sustain production of both high quality premium grade lump and fines products at Nimba over the initial 10 years life of mine exclusively from the Plateau 2 area: Lump product grades of 63.33% iron ('Fe'); Fines product grades of 62.11% Fe. A third medium grade fines product is being considered with grades of 58.58% Fe returned. Mechanical and thermal properties of the proposed premium lump product expected to further enhance price premiums and marketability of product - the rate and degree of reduction from iron oxide to iron and the porosity of the lump product are considered excellent, positively impacting blast furnace productivity and direct feed suitability respectively. Easily fragmented rock identified (UCS averaging 20Mpa and CWI averaging 3kWh/t), which will allow for high crushing rates at low power consumption - positively impacting operational and capital expenditure. Testing to determine the sinter characteristics of the fines product is ongoing with initial tests performing to expectation - results due September 2015. Further metallurgical test work is underway to progress marketing studies for the end product. Additional upside available from Plateau 3 and the larger, un-drilled Plateau 1. Testing to determine the sinter characteristics of the fines product is ongoing. The results are due in September 2015 with initial tests performing to expectation. Further metallurgical test work is ongoing to progress marketing studies for the end product, based on 16 HQ and 26 PQ drill holes' core. Tests to fully characterise both the mechanical and thermal properties of the proposed premium lump product have been completed by the Commonwealth Scientific and Industrial Research Organisation ('CSIRO') in Australia. Whilst the TI and AI data advise that the lump product has marginally greater susceptibility to disintegration to smaller particles when compared to the BHPB products, as a result of general attrition caused by product handling, loading, screening etc., the RI data (indicating the rate and degree of reduction from iron oxide to iron), resulting from the high porosity which facilitates access of the reducing gas to the interior of the lump products, is considered excellent. This positively impacts blast furnace productivity. The porosity also has a positive impact on the DI data (resistance to thermal shock), permitting ready evacuation of heated gases, suggesting the material is suitable for direct feed to a blast furnace. When considering general "value in use" parameters as part of the ultimate marketing of Sable's Nimba products, it is expected that such properties will further (in addition to product grade) enhance expected price premiums and marketability.

Sable Mining Africa Limited, Annual General Meeting, Jun 18, 2015

Sable Mining Africa Limited, Annual General Meeting, Jun 18, 2015., at 12:30 GMT Standard Time. Location: Richmond House, St Julian's Avenue.

Sable Mining Africa Limited Presents at GMP Jamboree Conference, Feb-07-2015 09:00 AM

Sable Mining Africa Limited Presents at GMP Jamboree Conference, Feb-07-2015 09:00 AM. Venue: Arabella Resort & Spa, Hermanus, South Africa.

 

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