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Ebola And Iron Ore Price Put London Mining On Life Support

Dec 28 2018 London Mining which operates the Marampa iron ore mine in ebolastricken Sierra Leone has had to call in the administrators a task being handled by Price Waterhouse Coopers PwC and the chances of finding a buyer who will actually cough up any significant money for the debtridden corporate entity are seen as virtually nonexistent

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Introduction of ebola and iron ore price put london mining on life support
  • African Minerals and London Mining share prices slump as
    African Minerals and London Mining share prices slump as

    Aug 05 2014 Tuesday 5 August 2014 854 pm African Minerals and London Mining share prices slump as Ebola outbreak fears rise

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  • London Mining Builds Treatment Center to Fight against
    London Mining Builds Treatment Center to Fight against

    Oct 17 2014 The outbreak which has been rampant in Sierra Leone has the ability to cost companies an additional 1 per ton of iron ore produced in 2014 and force a reduction in drilling according to London Mining The disease along with the continual decline in iron ore prices has essentially put London Mining on life support Financial woes

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  • Timis in Marampa iron offtake talks with Gerald Metals
    Timis in Marampa iron offtake talks with Gerald Metals

    Dec 01 2014 London Mining went into administration after struggling with high costs a sharp drop in iron prices and the impact of the Ebola virus on its operations in West Africa

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  • UK firm operating in Ebolahit West Africa goes BBC News
    UK firm operating in Ebolahit West Africa goes BBC News

    Oct 16 2014 A Londonbased mining company operating in crisishit Sierra Leone has gone into administration London Mining suffered high costs falling iron prices and the impact of the Ebola

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  • Chapter 4 How does Ebola affect the economy Mercy Corps
    Chapter 4 How does Ebola affect the economy Mercy Corps

    The prices of bauxite iron ore and gold declined by 30 to 60 percent compared to previous years in the three West African countries hit by the virus Also according to The Wall Street Journal the Ebola epidemic delayed mining projects meant to be filled by thousands of workers in

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  • BlackRock blames Ebola for London Mining mess
    BlackRock blames Ebola for London Mining mess

    Oct 15 2014 BlackRock blames Ebola for London Mining mess 40 fall in the iron ore price over the year London Minings failure to ramp up operations quickly enough and the spread of the Ebola

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  • Ebola and iron ore price put London Mining on life support
    Ebola and iron ore price put London Mining on life support

    Dec 28 2018 London Mining which operates the Marampa iron ore mine in ebolastricken Sierra Leone has had to call in the administrators a task being handled by Price Waterhouse Coopers PwC and the chances of finding a buyer who will actually cough up any significant money for the debtridden corporate entity are seen as virtually nonexistent

    Get Price
  • Ebolahit London Mining collapses into administration
    Ebolahit London Mining collapses into administration

    Oct 16 2014 London Mining chartered flights to evacuate staff from Sierra Leone The outbreak could cost it an additional 1 per tonne of iron ore produced in 2014 and force a reduction in drilling London

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  • African Minerals London Mining and the fall of Sierra
    African Minerals London Mining and the fall of Sierra

    Just three years later and both companies have folded leaving thousands of jobs at risk and threatening to further decimate an economy which has been shattered by the ravages of the worlds worst ever outbreak of the deadly ebola virus London Mining went into administration in October 2014 and African Minerals after halting share trading and output in December as funds dried up and iron ore prices

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  • Global glut threatens West African iron ore ambitions
    Global glut threatens West African iron ore ambitions

    May 15 2015 London Mining which operated Sierra Leones Marampa mine went into administration in October citing debt high costs low iron ore prices and an outbreak of Ebola

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  • London Mining falls by 80 as it warns shareholders could
    London Mining falls by 80 as it warns shareholders could

    Oct 08 2014 London Mining the debt laden West Africa focused iron ore group has lost nearly 80 of its value as it warned a proposed restructuring could potentially leave shareholders with nothing

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  • Ebolas catastrophic consequences on Sierra Leones small
    Ebolas catastrophic consequences on Sierra Leones small

    Nov 04 2014 In Sierra Leone the macroeconomic impacts of the crisis came into sharp focus two weeks ago when the countrys second largest iron ore producer London Mining went into administration The

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  • Ebola virus piles pressure on west Africa iron ore miners
    Ebola virus piles pressure on west Africa iron ore miners

    Aug 25 2014 Already battling tough mining conditions and a price slump a clutch of west Africa iron ore miners are being plunged further into difficulties by the outbreak of the Ebola virus in the region

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  • Ebola warning sparks collapse in London Mining shares
    Ebola warning sparks collapse in London Mining shares

    Oct 08 2014 London AFP The Ebola virus outbreak tumbling iron ore prices and large debts sparked a neartotal collapse in the shares of the London Mining group on Wednesday The company whose only mine is located in Ebolahit Sierra Leone saw its shares lose 95 percent of their value after it revealed restructuring talks with potential strategic

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  • Blog archives
    Blog archives

    Ebola sucks life from w african states weakened by are still operating konneh said we are trying to ensure we put in p Ebola sucks life from west african states weakened by 2014105indians swoop on london mining a crash in the iron ore price and the ebola outbreak the shares closed last week at 4 pence after it said

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  • Ebola did not affect iron ore in Sierra Leone World Bank
    Ebola did not affect iron ore in Sierra Leone World Bank

    Yusuf Bob Foday recently told journalists at their Howe Street offices in Freetown that before the Ebola outbreak in 2014 iron ore sector players African Minerals and London Mining could not produce much and the price per tonne of iron ore had dropped from US103 in 2012 to below US40 in 2014

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  • London Mining warns of collapse as ore price plunge
    London Mining warns of collapse as ore price plunge

    The 40 per cent plunge in iron ore prices has wiped out the profitability of London Mining and the Marampa mine while the ongoing Ebola crisis in Sierra Leone has also impacted on the operation

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  • London Mining says Ebola now impacting output costs
    London Mining says Ebola now impacting output costs

    Aug 21 2014 London Mining says Ebola now impacting output costs 1019 am Africa Iron Ore London Minings LON Weak iron ore prices have also forced the company to

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  • UPDATE 2London Mining boosts iron ore output in Sierra
    UPDATE 2London Mining boosts iron ore output in Sierra

    Jul 17 2014 London Mining stood by its fullyear 2014 production target of 49 million to 54 million wet tonnes of iron ore concentrate However shares in the AIMlisted company fell

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  • Ebola sparks collapse in London Mining shares
    Ebola sparks collapse in London Mining shares

    London The Ebola virus outbreak tumbling iron ore prices and large debts sparked a neartotal collapse in the shares of the London Mining group on Wednesday The company whose only mine is located in Ebolahit Sierra Leone saw its shares lose 95 of their value after it revealed restructuring talks with potential strategic investors and

    Get Price
  • Iron Price War Deepens Crisis in EbolaStricken Sierra Leone
    Iron Price War Deepens Crisis in EbolaStricken Sierra Leone

    Oct 13 2014 Iron ore is responsible for the countrys doubledigit growth since 2011 until the Ebola outbreak Iron Royalties Iron ore contributes more in mining royalties than any other mineral to

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  • Ebola iron ore price crash create perfect storm for
    Ebola iron ore price crash create perfect storm for

    West African iron ore miners are facing a perfect storm of tumbling iron ore prices and the deadliest outbreak of the ebola virus yet seen These are the words that an independent director at African Minerals the regions largest iron ore miner used earlier this month to describe the situation facing his company and others

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