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Iron Ore Concentrate Output of London Mining Down in The Third Quarter of 2013

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Core Tip: UK-based London Mining, a global diversified miner targeting the steel sector, has announced its operational results for the third quarter of 2013, reporting a total

UK-based London Mining, a global diversified miner targeting the steel sector, has announced its operational results for the third quarter of 2013, reporting a total sales volume of 890,000 wet mt of iron ore concentrate, compared to 298,000 wet mt in the third quarter of 2012. The company's iron ore concentrate output in the given quarter amounted to 948,000 wet mt, rising from 373,000 mt in the same quarter of the previous year.

According to London Mining, concentrate production capacity is expected to increase to around 5 million mt per year, with commissioning and ramp-up through the fourth quarter. London Mining's full year production guidance remains between 3.3 million mt and 3.6 million mt, with sales guidance standing at between 3.6 million mt and 3.8 million mt.

 
Keyword: Iron Ore, Mineral
 
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