Friday's mining news: Sable nears Nimba resource estimate

Sable Mining Africa announced good progress at its Nimba iron ore project in Guinea, while Xstrata unveiled plans to increase production.

Sable nears maiden Nimba resource estimate

Sable Mining Africa (SBLM) on Friday said it expected a maiden Joint Ore Reserves Committee resource from its Nimba iron ore project in Guinea in the first quarter of 2013.

Sable intends to follow this with completion of a pre-feasibility study, environmental impact assessment submission and mining licence application.

The mine remains the focus for the company, which it believes has near-term direct shipping ore potential.

Sable remains well financed, with $23.4 million (

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