Sable raises £17m in share offering

Aim-listed Sable Mining, the iron ore producer run by Andrew Groves and ex-England cricketer and businessman Phil Edmonds, yesterday said it has raised £17.1m from new and existing investors in an enlarged and oversubscribed share offering. The money will be used to accelerate the development of the company’s flagship Nimba iron ore project in south east Guinea, west Africa.