London Mining beats targets

London Mining yesterday hailed better-than-expected output over 2012, as it continued to ramp up operations at its Marampa mine in Sierra Leone. The iron ore miner posted full-year production of 1.63m wet metric tonnes, which beat targets set last January. Over the fourth quarter, production at the flagship West African mine hit 546,000 wet metric tonnes, up 46 per cent on the previous quarter.