Anglesey Mining PLC LIM - full-scale operations resume


 
TIDMAYM 
 
Anglesey Mining plc LSE:AYM 
 
9 July 2012 
 
LIM - full-scale operations resume - blockade removed 
 
Anglesey Mining's 26% owned associate Labrador Iron Mines Holdings Limited 
(TSX: LIM) is pleased to report that full-scale operations have resumed at 
Schefferville after a five-day blockade was removed at the end of last week. 
The blockade, set up by a group of local residents, restricted road access from 
the town of Schefferville to LIM's mining operations in Labrador. 
 
During this period, operations were minimally impacted as LIM continued to load 
trains and transport iron ore to the Port of Sept-Îles. Mining of direct rail 
ore continued throughout the week while plant operations at the Silver Yards 
Processing Facility were temporarily halted. Full-scale mining operations will 
now ramp up to a full production rate over the next few days and the 
exploration team has resumed its fieldwork program. There has been no impact on 
the 2012 saleable production target of 2 million tonnes of iron ore 
 
LIM is pleased that the barricade has been removed by agreement and without 
incident. As this was a collaborative effort by all parties, LIM wishes to 
acknowledge Chief Real McKenzie of the Innu Matimekush-Lac John and Chief Louis 
Einish of the Naspaki Nation of Kawawachikamach, as well as their respective 
Band Councils, for their leadership, efforts and support during this time. LIM 
also wishes to thank the members of the community, as well as our local 
employees at site and the employees in the communities of Schefferville Lac 
Jean and Kawawachikamach who all worked together towards reaching a positive 
outcome. 
 
LIM will continue to work with the residents of Schefferville and the local 
aboriginal groups to ensure open and honest dialogue to maintain long-term and 
mutually-beneficial positive relationships with all stakeholders. 
 
About Labrador Iron Mines Holdings Limited 
 
Labrador Iron Mines is Canada's newest iron ore producer. It owns a portfolio 
of direct shipping iron ore operations and projects located in the prolific 
Labrador Trough. The first full production season commenced in April 2012 with 
a sales target of 2 million tonnes of iron ore for the 2012 year. 
 
LIM is focused on a strategic and robust growth plan arising from its portfolio 
of 20 iron ore deposits in Labrador and Quebec, all within 50 kilometres of the 
town of Schefferville. The James Mine is connected by a direct rail link to the 
Port of Sept-Iles, Québec. The area also benefits from established 
infrastructure including the town, airport hydro power and railway service. 
Starting with the James Mine and leading to the development of the expanding 
Houston flagship project, the objective is to provide shareholders with 
long-term value as production and sales ramp up towards 5 million tonnes per 
year by 2015. 
 
LIM is currently the only independently-owned Canadian iron ore producer listed 
on the Toronto Stock Exchange and trades under the symbol LIM. 
 
About Anglesey Mining plc 
 
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. 
 
Anglesey is also carrying out development and exploration work at its 100% 
owned Parys Mountain zinc-copper-lead deposit in North Wales, UK where there is 
estimated to be a total historical resource in excess of 7 million tonnes at 
over 9% combined copper, lead and zinc. 
 
For further information, please contact: 
 
Bill Hooley, Chief Executive +44 (0)1492 541981; 
 
Ian Cuthbertson, Finance Director +44 (0)1248 361333; 
 
Samantha Harrison / Klara Kaczmarek: RFC Ambrian +44 (0)2076 344700; 
 
Emily Fenton / Jos Simson: Tavistock Communications +44 (0)20 7920 3155 
 
 
 
END

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