K1-Sport : London Mining Eisenerz/Kokskohle
London Mining is an expanding producer of high specification iron ore for the global steel industry and is focused on identifying, developing and operating sustainable mines.
London Mining commenced sales from the Marampa mine in Sierra Leone in 2012 and expects to reach production capacity of 5Mtpa in 2013. A bankable feasibility study was completed in 2012 on an expansion plan to 9Mtpa and a prefeasibility study was completed in 2011 which shows that Marampa has resources to support a staged expansion to over 16Mtpa.
London Mining has also completed bankable feasibility studies outlining plans for a further 20Mtpa of iron ore production by developing two other mines in Greenland and Saudi Arabia.
London Mining is developing the Marampa mine in Sierra Leone where it commenced production in 2011 and is expanding to produce 5Mtpa by the end of 2013. The resource could support an operation with production of over 16Mtpa. A bankable feasibility study for our Isua project in Greenland completed in 2012 showed the potential for a further 15Mtpa of high quality iron ore production.
Marampa, Sierra Leone
London Mining Plc"s Overweight Rating Reaffirmed at JP Morgan Cazenove (LOND)
London Mining Plc (LON:LOND)"s stock had its "overweight" rating reaffirmed by JP Morgan Cazenove in a research note issued on Monday, Analyst Ratings.Net reports. They currently have a GBX 205 ($3.13) price target on the stock. JP Morgan Cazenove"s price target would suggest a potential upside of 99.01% from the company"s current price.
LOND has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated a "sector performer" rating on shares of London Mining Plc in a research note to investors on Friday. Separately, analysts at Citigroup Inc. reiterated a "buy" rating on shares of London Mining Plc in a research note to investors on Monday, July 15th. They now have a GBX 160 ($2.44) price target on the stock, up previously from GBX 150 ($2.29). Finally, analysts at Morgan Stanley reiterated an "overweight" rating on shares of London Mining Plc in a research note to investors on Monday, June 24th. They now have a GBX 220 ($3.36) price target on the stock.
One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of "Buy" and an average target price of GBX 189.24 ($2.89).