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.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »