The Sable Mining Company is a London-based firm that specialises in mining coal deposits and iron ore deposits in underdeveloped areas of sub-Saharan Africa. The firm also invests in other natural resource deposits that the firm believes adds long-term value to the company’s holdings.
The Sable Mining Company currently holds majority interests in several coal and iron ore mines in Lubu, Springbok Flats, and other towns in sub-Saharan Africa.
The firm also is in the process of acquiring several mining permits in Bagla Hills, Mount Kakoulima and in Liberia.
The Sable Mining Company strives to locate and develop major sources of natural resources as soon as the source shows signs of profitability.
To achieve this goal, The Sable Mining Company looks for potentially profitable sources of natural resources in underdeveloped areas that have the potential to attract significant foreign capital investment or sustainable rapid growth.
Moreover, the firm also looks for opportunities to acquire permits that allow the firm to look for untapped deposits of coal or iron ore. The firm acquires these permits because they hope they can find important sources of coal or iron ore that could be developed into a sustainable asset over the long haul.
Other Important Details:
AIM Stock Symbol: SBLM.
Board of Directors:
Director: Phil Edmonds.
CEO: Andrew Groves.
Director of Finance: Andrew Burns.
Executive Director: Jeremy Sanford.
Financial Data for 2010:
Net Operations Income: -£2,426,000.
Total Income Loss: -£34,988,000.
Retained Earnings: -£43,198,000.
Total Equity: +£32,446,000.
Please note: All financial data have been rounded off to the nearest £1,000 for simplicity.
18 Park Street
Phone Number: 020 7236 1177.
Fax Number: 020 7236 1188.
Email address: email@example.com.
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