News

April 29, 2009

Anglesey Mining Is Looking Forward To First Iron Ore Production From The Schefferville Project In Labrador

By Alastair Ford

Ian Cuthbertson of Anglesey Mining is no stranger to the conference circuit. Anglesey doesn’t spend a lot of money on promotion these days, but it will take booths once or twice a year at investor or industry shows to offer its investors the chance for a face to face chat. And since Ian’s been with Anglesey since it listed on the full board of the London stock exchange all the way back in 1988, he’s seen a fair few trade shows in his time, and a fair few investors too. So it was fitting when, at the recent Master Investor Show, Ian looked across from his own stand, took pity on a bored-looking Minesite sitting unloved in his own booth, and offered the respite of coffee and conversation. As it happened, coffee was already on order, and at that same moment some Anglesey investors drifted by, so the conversation was postponed. But later on, on the high stools at the Anglesey booth, Ian was more than pleased to provide Minesite with a full update.

The first thing that should perhaps be noted is that an Anglesey Mining booth now presents to the world a story almost exclusively focused on iron ore in Labrador. That the interest in Labrador is held through a 50 per cent stake in Canadian-listed Labrador Iron Mines, which itself owns 100 per cent of the Schefferville iron ore project, formerly owned by the Canadian Iron Ore Company. Development work at this project is well underway, and although Ian Cuthbertson does qualify his optimism with...