London Mining Plc
OSL:LOND ISIN:GB00B1VZK334
News
London Mining Plc (OSL:LOND) London Mining plc (the "Company" or "London Mining") announces that it has today posted a circular to its Shareholders (the "Circular") and is convening a General Meeting to be held on 10 November 2008 to obtain Shareholder approval for the proposed Return of Cash to Shareholders of 200 pence per Ordinary Share.
London Mining Plc (OSL:LOND) Please find enclosed London Mining`s updated company presentation made by Graeme Hossie, London Mining's Corporate Development & Deputy Managing Director, at the 55th Minesite Forum in London, UK, today, Tuesday 14 October 2008.
London Mining Plc (OSL:LOND) Due to Kaupthing's financial difficulties, the bank is no longer able to fulfill its obligations in accordance with the market making agreement entered into on 30 January 2008. The agreement with London Mining has thus been discontinued.
London Mining Plc (OSL:LOND) London, 3rd October 2008. London Mining is pleased to announce the proposed structure (via a B and C share scheme) for the return of 200 pence per ordinary share to shareholders as a result of the recent sale of its Brazilian operations to Arcelor Mittal for USD809.9 million. This capital return equates to GBP212.6 million based on the currently issued 106,283,795 ordinary shares and GBP219 million if all 3,250,000 outstanding warrants that have vested are exercised as well.
London Mining Plc (OSL:LOND) London Mining announces today the purchase of 20% of International Coal Company Ltd. (ICC) for an aggregate consideration of $5m, with first rights of refusal to invest further capital. ICC is a Cayman Islands incorporated company with operations in Colombia, South America. ICC's strategy is to become a fully integrated developer of coal properties for the international steel and energy markets. The company's focus has been on acquiring concession interests in metallurgical coal districts in Colombia with good logistics and access to transportation infrastructure for the seaborne market. ICC has assembled an attractive portfolio of metallurgical coal exploration and development properties as well as a coke oven battery project which is currently under development. ICC has secured and will continue to expand the supply of metallurgical coal for its coke oven battery from local small miners while it develops its metallurgical coal properties nearby. Mr ...
London Mining Plc (OSL:LOND) The Information Document prepared in connection with the sale of the Company's Brazilian operations to ArcelorMittal (as announced on 20 August 2008) has been reviewed by the Oslo Stock Exchange.
London Mining Plc (OSL:LOND) London Mining Plc announces that its Sierra Leonean subsidiary, London Mining Company Limited ("together the Company"), has served a writ in Sierra Leone on SLDC Exploration Limited, a wholly owned subsidiary of African Minerals Limited (together "African Minerals").
London Mining Plc (OSL:LOND) Saudi Project Update: Saudi London Iron Ltd. Joint Venture formation approved by SAGIA. Strategic MOU signed with Saudi Advanced Production for Iron & Steel Ltd. for Offtake and Financing of Capex
London Mining Plc (OSL:LOND) London Mining announces that it has appointed a new full-time Finance Director, Rachel Rhodes, with immediate effect.
London Mining Plc (OSL:LOND) During the second quarter of 2008, London Mining has continued to make progress towards its goal of maximizing shareholder value by conducting a strategic review of its Brazilian operations. The resulting sale of Brazilian assets, announced on 20 August 2008 to ArcelorMittal for US dollars 809.9 million, marks the conclusion of the Brazilian strategic review. London Mining intends to return US dollars 427 million of the proceeds to shareholders.
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