London Mining CEO Says Sierra Leone Mine Partner Talks Continue
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London Mining Plc, the second-largest iron ore producer in Sierra Leone, said talks to find a partner to help fund a planned expansion of its Marampa mine are continuing.
“Our assets have substantial additional potential but they do require large capex to unlock,” Chief Executive Officer Graeme Hossie told reporters today on a conference call. “Whether and how quickly that strategic partnership funding plan will be realized is difficult to predict.”