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London Mining Plc (OSL:LOND) London Mining announces that, following discussions with the Oslo Børs, trading of the Company's shares has been suspended with immediate effect, pending the release of a material announcement in respect of its Brazilian strategic review process.
The Company expects to be in a position to make a further announcement within the next 48 hours, at which stage trading in the Company's shares would resume.
For further information, please contact:
London Mining Plc Christopher Brown, Managing Director, +44 (0)20 7201 5000 Graeme Hossie, Corporate Development & Deputy Managing Director, +44 (0)20 7201 5000
Crux Kommunikasjon AS Charlotte Knudsen, +47 97 56 19 59
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, Mexico and South Africa, 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.