Glencore secures 9.5 million tonnes of iron ore offtake from London Mining's Marampa project

摘要

London Mining has signed an offtake agreement with trading house Glencore International covering 9.5 million tonnes (wet) of iron ore from phase la of its Marampa project in Sierra Leone, the minersaid. The five year agreement includes a pre-payment facility for up to $27 million in addition to an option forthe minerto expand the agreement to production of phase 1b, London Mining explained.