London Mining scores first profit as mine ramps up

Operating costs fell 18 percent to $62 per dry tonne, with the firm repeating it expected to hit a run rate of 5 million dry tonnes a year by the end of 2013 in a statement on Thursday. Shares in the miner were up 5 percent in early trade with analysts saying the results were solid and encouraging. The company, which also has projects in Greenland, Saudi Arabia and Colombia, said it had …

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