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London Mining Plc London Mining is pleased to announce that its Brazilian subsidiary, London Mining Brasil Mineracao S.A. ('LMB'), has entered into a short-term contract with Vale (Companhia Vale Do Rio Doce) for the sale of up to 1.1 million tonnes of sinter fines. LMB expects to have fulfilled its obligations under this contract by the end of January 2009. The detailed terms of the agreement are confidential.
As previously announced, the strategic review of the Company's Brazilian iron ore operations is continuing as planned, with the review process expected to be completed in Q3 2008. A further update will be provided in due course.
For further information, please contact: Crux Kommunikasjon AS Charlotte Knudsen +47 97 56 19 59 London Mining Plc Christopher Brown, Managing Director +44 (0) 20 7201 5000 Graeme Hossie, Corporate Development +44 (0) 20 7201 5000 & Deputy Managing Director
Notes to the Editors: London Mining is incorporated and registered in the UK, and is developing mines to supply the global steel industry. The Company has operational mining, exploration and development projects located in Brazil, Sierra Leone, Saudi Arabia, Greenland and Mexico, and has total iron ore resources of 2.36 billion tonnes containing an estimated 867Mt of iron. In 2007, London Mining raised over US$185m to advance iron ore production from its projects, and listed on the Oslo Axess, a marketplace regulated by the Oslo Stock Exchange on 9 October 2007. London Mining is trading under the Reuters symbol LOND.OL and Bloomberg symbol LOND:NO.
Please also visit our website www.londonmining.co.uk for more information about London Mining and its operations.
