London Mining Plc APPOINTMENT OF CHIEF OPERATING OFFICER (5866G)

TIDMLOND

RNS Number : 5866G

London Mining Plc

02 July 2012

London Mining Plc

Quoted on London AIM (LOND LN)

("London Mining" or the "Company")

2 July 2012

APPOINTMENT OF CHIEF OPERATING OFFICER

London Mining is pleased to announce the appointment of James North as Chief Operating Officer ("COO"). James joins the Company today from BHP Billiton where he was General Manager of the Newman Joint Venture Iron Ore mines. In this role James oversaw improvements in operating costs, productivity and safety of the four iron ore mines surrounding Newman in the East Pilbara region with production of 68Mtpa.

James has over 20 years' experience in mining and minerals processing having also worked with Rio Tinto, BMA Coal and Mount Isa Mines. In addition to his extensive iron ore experience, James has significant African mining experience, having worked as the General Manager of Operations at BHP Billiton's Mozal aluminium smelter in Mozambique. James is a metallurgist by training and has a bachelor's degree in Business Management. The new COO role is based in London.

Luciano Ramos, the current COO, will retire from his position during 2012 to concentrate on family and personal interests, after a thorough handover process. This follows over 5 years at London Mining, during which time Luciano has helped drive London Mining's growth from developer into iron ore producer. Luciano will remain on the board of London Mining for the foreseeable future.

Graeme Hossie, Chief Executive Officer of London Mining said "Luciano Ramos has played a vital role in London Mining's success as we have developed our operations in Brazil and Sierra Leone and optimized the project scope and completed a bankable feasibility study for the Isua Project in Greenland. We are immensely grateful for his work and dedication over this time and look forward to his continuing support and input in his ongoing role as non-executive director."

"I am also delighted to be welcoming someone of James' calibre and expertise to the Company. James' extensive experience in mine production and expansion as well as his experience in Africa make him particularly qualified to contribute to London Mining's next stage of growth. Operations and construction at Marampa continue to run according to plan and we remain fully funded to achieve our near term targeted production expansion to 5Mtpa from this first phase."

Luciano Ramos said: "I am very happy with the achievements we have accomplished for London Mining, and am very confident that Jim and the great team we have built will deliver London Mining's substantial growth plans. I would like to thank Graeme Hossie, the board of directors and all the team for their full support during these five intense and rewarding years."

James North said: "I am delighted to join London Mining and look forward to working with Graeme and his team as the Company continues to execute its clear strategic plan and develop its world-class assets."

James North career summary

BHP Billiton Iron Ore (2000 to 2012)

General Manager Newman Joint Venture Mines - Iron Ore (2010 to Present)

General Manager Mining Area C - Iron Ore (2009 to 2010)

General Manager of Operations -Mozal (Mozambique) (2007 to 2009)

Company Secretary - Executive Committee (Melbourne) (2006 to 2007)

Manager Port Operations, Nelson Point & Finucane Island (2004 to 2006)

Coal Processing Manager, Blackwater Mine (2000 to 2004)

Hamersley Iron - Rio Tinto (1999 to 2000)

Mine Manager, Marandoo & Brockman Operations

Hamersley Iron - Rio Tinto (1997 to 1999)

Superintendent Operations, Tom Price

Mount Isa Mines, Mount Isa (1995 to 1997)

Blast Furnace Superintendent, Lead Smelter

For more information, please contact:

 
 London Mining Plc 
  Graeme Hossie, Chief Executive Officer 
  Rachel Rhodes, Chief Financial Officer       +44( 0)20 7408 7500 
 Liberum Capital (Nominated Advisor/Broker) 
  Clayton Bush / Christopher Kololian          +44 (0)20 3100 2000 
 J.P. Morgan Cazenove (Broker) 
  Neil Passmore / Ignacio Borrell              +44 (0)20 7742 4000 
 Brunswick Group 
  Carole Cable / Rosheeka Field                +44 (0)20 7404 5959

About London Mining

London Mining is focused on identifying, developing and operating mines to become a mid-tier supplier to the global steel industry. London Mining is producing high specification iron ore from its Marampa mine in Sierra Leone and developing two other iron ore mines in Greenland and Saudi Arabia as well as a coking operation in Colombia. All London Mining's assets have deliverable production with potential for expansion. The Company listed on AIM in London on 6 November 2009. It trades under the symbols LOND.L (Reuters) and LOND LN (Bloomberg). More information about London Mining can be found at www.londonmining.co.uk.

This information is provided by RNS

The company news service from the London Stock Exchange

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