London Mining, the largest iron ore miner, announced that its iron ore production in the second quarter of 2014 increased by 21 percent YoY. Recently, the company has modernized its processing plants, which has led to an increase in production.
London Mining expects to supply about 4.9 - 5.4 million tonnes of iron ore concentrates this year. The company plans to expand and find an investment partner to develop a mine in Sierra Leone by the end of this year.
London Mining is a fast growing producer of high quality iron ore concentrate for the global steel industry. It has established itself as a company specializing in identifying, developing and operating sustainable, profitable mines.
London Mining has now completed feasibility studies for further iron ore production by expanding the mining industry in mines in Greenland and Saudi Arabia.
While iron ore is down 27 percent this year and could trade in the $ 90-110 /t range, this is pushing small, low-margin mines around the world to shrink, so only the strong survive. For example, Chinese-made iron ore has already significantly reduced its share in the domestic market, and Chinese steel companies are increasing the share of cheaper export raw materials. Experts believe that iron ore prices may continue to fall in 2015.
London Mining Increases Production By 21 Percent In Q2
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Azovpromstal® 17 July 2014 г. 11:16 |
