Anglesey Mining (LON:AYM) - Moving forward
Aug 02nd 2012 - Edison Investment Research today published a report on Anglesey Mining (AYM.L, LSE:AYM, LON:AYM) entitled "Moving Forward". In summary, the report says:
2011 saw production at Anglesey Mining’s 26% iron ore associate, Labrador Iron Mines, ramped up and many problems overcome. The difficulties with the unexpected fineness of the ore should be fully overcome by mid-summer 2012 with the installation of Stage Three at the Silver Yards plant. Agreements have been signed with all the local First Nations. The company now has 550 rail cars allowing it to reach its target of dispatching one train a day. While 2011 sales were lower than expected, all is on track for 2Mt iron ore to be produced in FY13.
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