Monday 10 September 2012

about Minnesota


Minnesota


Minnesota is a U.S. state located in the Midwestern United States. Minnesota was carved out of the eastern half of the Minnesota Territory and admitted to the Union as the thirty-second state on May 11, 1858. Known as the "Land of 10,000 Lakes", the state's name comes from a Dakota word for "sky-tinted water". Those waters, together with forests, parks, and wilderness areas, offer residents and tourists a variety of outdoor recreational opportunities.
Minnesota is the 12th most extensive and the 21st most populous of the U.S. states. Nearly 60% of its residents live in the Minneapolis-Saint Paul metropolitan area (known as the "Twin Cities"), the center of transportation, business, industry, education, government and home to an internationally known arts community. The remainder of the state consists of western prairies now given over to intensive agriculture; deciduous forests in the southeast, now cleared, farmed and settled; and the less populated North Woods, used for mining, forestry, and recreation.
Minnesota is known for its relatively mixed social and political orientations, and has a high rate of civic participation and voter turnout. Minnesota ranks among the healthiest states, and has a highly literate population. The large majority of residents are of Scandinavian and German descent. The state is known as a center of Scandinavian American culture. Ethnic diversity has increased in recent decades. Substantial influxes of Asian, African, and Latin American immigrants have joined the descendants of European immigrants and the original Native American inhabitants.

Wednesday 5 September 2012

London Mining Developing Mines

London Mining  PLC (LOND.L)

London Mining Plc is developing mines to supply the global steel industry. The Company has iron ore exploration and development projects located in Sierra Leone, Saudi Arabia, Greenland, China and Chile, and a coking coal project in Colombia. The Company’s products include pellet feed, P1 sinter feed / P2 sinter/pellet and DR pellets. The Marampa mine is a 13.82 square kilometers brownfields site. The Company focuses to develop Marampa in two phases. The Wadi Sawawin Project is located in the north-west corner of Saudi Arabia, 125 kilometers from Tabuk and 60 kilometers from the Red Sea port of Duba. Greenland includes the Isua Project. Isua is located 150 kilometers Northeast of Nuuk. Isua will produce a 70% Fe pellet feed concentrate. London Mining had completed three seasons of exploration drilling on the Isua Project.

Tuesday 4 September 2012

London Mining raises shares of Vits

London Mining Announcement.

London Mining Plc is pleased to announce its intention to issue between 14.5 and up to 17.8 million new shares in a private placement. The private placement is expected to generate gross proceeds of NOK 320 million, and is managed by Pareto Securities ASA.

Chris Brown, Managing Director of London Mining Plc, is pleased to announce that the Board has decided to increase the Company's equity base through a private placement of up to 17.8 million new shares in a book building process directed towards professional and institutional investors raising gross proceeds of up to NOK 320 million. Price range in the transaction has been set to NOK 18 to NOK 22. The purpose of the private placement is to finance the capital expenditure at the Company's wholly owned Marampa iron ore mine in Sierra Leone, and to fund general working capital requirements.