Showing posts with label metropolitian. Show all posts
Showing posts with label metropolitian. Show all posts

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.

Monday, 6 August 2012

Q2 2012 PRODUCTION REPORT


Highlights
  • Quarterly production of 397,000 wmt (369,000 dmt) of iron ore from Marampa mine in Sierra Leone, up 26% on previous quarter
  • Sales of 350,000k wmt (326,000 dmt), up 36% on previous quarter
  • Consistent premium quality specification ore of 65.3% Fe with low impurities
  • Expansion to 5Mtpa progressing well  with second plant  expected to be commissioned in Q1 2013
  • Ramp up tracking production of 1.5Mt in 2012
Post period highlights
  • Appointment of James North as Chief Operating Officer
Graeme Hossie, Chief Executive Officer of London Mining said "The ramp up at Marampa is going well and we are on track with our production plans. We continue to ship our premium quality ore to customers in China where the product has been extremely well received. We have made excellent progress with our expansion plans at Marampa to 5Mtpa next year and will complete our bankable feasibility study for the next stage growth to 9Mtpa later this year as planned. The combination of near term softening of spot prices, along with an extended commissioning period of the transhipment platform has reduced current margins, however we expect a significant margin uplift once we commence loading of larger, ungeared vessels in Q3 2012. Overall, we are pleased with the progress we have made this quarter, with logistics from mine to ship proven to be robust in the earlier than expected wet season. The hedging of some of our 2012 volume at USD148/dmt has also helped our realised price.
I am also delighted about the recent appointment of James North, who will replace Luciano Ramos as COO of the Company. James brings over 20 years of mining experience to London Mining and will play a vital role as we continue the ramp up at Marampa and execute our planned expansion plans. I am also extremely pleased that Luciano remains on the board and continues to provide ongoing support and technical advice.”