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Ambrian Capital

Company Information for Anglesey Mining Plc

Company stock charts - 6 Month chart

Exchange LSE; AYM


View full financial data

Company Statement

Anglesey Mining plc is a UK based company with a full London Stock Exchange listing which currently holds:

The Labrador Iron Ore project, currently under active development, which is scheduled to produce direct shipping lump and sinter fine ores in late 2009. This project is fully funded and has relatively low capital expenditure requirements. The major iron ore deposits comprised in the project were previously operated by the Iron Ore Company of Canada. Following the December 2007 flotation in Toronto  Anglesey holds 50% of Labrador Iron Mines Holdings Limited (TSX:LIR) which owns 100% of the Schefferville iron ore project. See the Labrador Iron Mines Holdings website for further details. 

The historically important Parys Mountain zinc-copper-lead deposit in North Wales, UK with a total resource of 7.76 million tonnes.



Current Operations

  • Labrador Iron Mines - Schefferville ProjectDirect shipping lump and sinter fines hematite iron ore in Labrador
  • Project already partially developed - 
    - short time to production - scheduled for end 2009
    - low capital expenditure requirements - fully funded
  • Existing rail transportation, deep water ports, shipping facilities and hydro power
  • Target production of 1.3 million tonnes per year by 2010, increasing to 3.5 million tonnes after 3 years
  • Potential mine life of more than 20 years
  • Former operations of the Iron Ore Company of Canada

Also see the Labrador Iron Mines website


Geographical Spread

The Labrador Iron Ore Project is near Schefferville in the province of Newfoundland and Labrador, Canada.


The Parys Mountain property is in Anglesey, North Wales, UK.


Board of Directors and Key Management

Directors
John Kearney Chairman
Bill Hooley Chief executive
Ian Cuthbertson Finance director
Non-Executive Directors
David Lean
Howard Miller
Roger Turner
Danesh Varma

Company Address

Parys Mountain, Amlwch
Anglesey, Wales, Gwynedd, United Kingdom LL68 9RE

Telephone:+44 1248 361333
Facsimile:+44 1248 361419
Email:mail[at]angleseymining.co.uk
Website:http://www.angleseymining.co.uk

Annual General Meeting

September in London

Year End

31 March

Nominated Advisors

Grant Thornton

Major Shareholders

Shareholder Number of shares Percentage
Juno Limited* 57,924,248 38.0
Ambrian Capital plc 13,550,000 8.9
Passport Special Opportunities Master Fund LP 17,500,000 10.3
Morgan Stanley Securities Ltd. 10,652,000 7.0

Related News

29/04/09 - Anglesey Mining Is Looking Forward To First Iron Ore Production From The Schefferville Project In Labrador
04/11/08 - Anglesey Mining Offers Something For Nothing As Labrador Iron Mines Closes In On Production
14/04/08 - Anglesey Mining Sells Out Of Parys Mountain
26/02/08 - Hidebound At Anglesey, Chomping At The Bit At Labrador

Most Recent Statement

12/05/09 - Second Price Monitoring Extn
12/05/09 - Price Monitoring Extension
30/03/09 - Director/PDMR Shareholding Grant of share options
16/02/09 - Interim Management Statement
22/12/08 - Director/PDMR Shareholding
01/12/08 - Half-yearly report

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