London Mining sells Marampa mine

first_img Tags: NULL Show Comments ▼ Share whatsapp  London Mining, which entered administration last week, has sold its Marampa mine to Timis Corporation.  The sale, which is expected to be completed “by the end of this week”, will include the transfer of the full workforce “provind stability for the economy of Sierra Leone”, the administrator said on Friday afternoon.  PricewaterhouseCoopers was appointed admistrator last week after London Mining’s shares were suspended following questions around the company’s liquidity. No financials were disclosed on the deal.  Timis chairman Frank Timis said:  “I am delighted that, assuming successful conclusion of this process over the coming week, it is expected that the Marampa Mine will continue to be a major source of employment and government revenue in Sierra Leone, and avoids the closure of such an important asset for the local and national community. He added:  “I look forward to working with the workforce of Marampa, who have done such a phenomenal job against very difficult circumstances. We now intend to enter negotiations with African Minerals Limited and its infrastructure company African Railway and Port Services which, if successful, will unlock the synergies between these assets, for the long term good of all stakeholders.”   London Mining sells Marampa mine center_img whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution Friday 24 October 2014 12:42 pm Catherine Neilan last_img

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