Thursday 21 August 2014

London Mining says Ebola outbreak could hit iron ore production

A conveyor belt used to transport iron ore to a ship is seen at SNIM headquarters in the port of Nouadhibou London Mining Plc, whose only operating mine is in Sierra Leone, reported a first-half loss due to a drop in iron ore prices and said the outbreak of the deadly Ebola virus across West Africa could hurt production in the second half. The company's shares fell as much as 19 percent to 32.50 pence on morning trading, making them the biggest percentage loser on the London Stock Exchange on Thursday. Chief Executive Graeme Hossie said the Ebola outbreak was starting to affect the company's operations. London Mining said it had deferred a $175 million extension plan for its Marampa mine in Sierra Leone by two years because of weak iron ore prices.




via Health News Headlines - Yahoo News Read More Here..

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