Mr Bill Hooley CEO of Anglesey Mining explains that the drop in the iron ore price impacted the business but that prices have now rebounded from the August September lows and things are now much improved at the Canadian operations.
Mr Bill said that so far as the operations in Wales are concerned at the Parys Mountain copper lead zinc project. The timing of the production targets should work well for the company. 26% of Labrador Iron Mines in Canada 100% of Parys Mountain in Wales
Anglesey holds 26% of Toronto listed Labrador Iron Mines Holdings Limited which is now producing iron ore from its James deposit, one of LIM’s twenty direct shipping iron ore deposits in western Labrador and north eastern Quebec. Development of other depos.
Source:
http://www.steelguru.com/metals_news/Anglesey_Mining_CEO_talks_about_timing_in_the_zinc_markets/294642.html
