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The Marampa mine is a brownfield haematite iron ore mine located approximately 150km north-east of Freetown in Sierra Leone, West Africa. 100% owned by London Mining, the project includes a 319km² exploration licence that borders the Marampa mining lease, which was mined extensively between 1933 and 1975 by the Development Corporation of Sierra Leone (DELCO). The property was acquired by London Mining in 2006.
Full development of the project began on 11 February 2010 on receiving final parliamentary approval. The project will also include an $80m tailings reprocessing development operation that is expected to result in an output of 1.5Mtpa by 2011. The $85m operation will be expanded in a phased manner to 3Mtpa before production from the primary resource begins. Primary resource mining will increase production to between 5Mtpa and 8Mtpa upon completion of the project, by the end of 2013. Decision on the expansion remains pending in a pre-feasibility study that is scheduled for completion by the end of 2010.
The development will initially be fast tracked into production before expanding to a larger scale, thereby achieving short-term cashflow. The mine has historically operated at a peak production of 2.5Mtpa before it was suspended owing to low iron ore prices in the 1960s.
xIMG_0935
The Marampa mine is a brownfield haematite iron ore mine located approximately 150km north-east of Freetown in Sierra Leone, West Africa. 100% owned by London Mining, the project includes a 319km² exploration licence that borders the Marampa mining lease, which was mined extensively between 1933 and 1975 by the Development Corporation of Sierra Leone (DELCO). The property was acquired by London Mining in 2006.
Full development of the project began on 11 February 2010 on receiving final parliamentary approval. The project will also include an $80m tailings reprocessing development operation that is expected to result in an output of 1.5Mtpa by 2011. The $85m operation will be expanded in a phased manner to 3Mtpa before production from the primary resource begins. Primary resource mining will increase production to between 5Mtpa and 8Mtpa upon completion of the project, by the end of 2013. Decision on the expansion remains pending in a pre-feasibility study that is scheduled for completion by the end of 2010.
The development will initially be fast tracked into production before expanding to a larger scale, thereby achieving short-term cashflow. The mine has historically operated at a peak production of 2.5Mtpa before it was suspended owing to low iron ore prices in the 1960s.