The government of the Republic of Guinea has issued an export decree for Sable Mining‘s Nimba Iron Ore Project in south-west Guinea.

Sable Mining Africa, the AIM-listed exploration company is now authorised to export iron ore through Liberia to the Port of Buchanan.  The decree, the first to be issued in Guinea, will, together with the recently granted mining licence at Nimba, facilitate Sable Mining’s strategy to fast-track low cost, high grade direct shipping ore (DSO) production from Nimba in 2015.

With a current JORC resource of 135.5 million tonnes at 59.4% iron, Nimba is the second largest on- or near-rail undeveloped DSO deposit in West Africa.

“The issuance of our export decree, the first granted by the government of the Republic of Guinea, is a major endorsement for Sable Mining and represents yet another critical milestone achieved by our team as we look towards the commencement of DSO production in 2015,” says Andrew Groves, Sable Mining CEO.

“Our operational team have worked tirelessly over the past 18 months in order to prove up a formidable DSO resource, and through the issuance of this export licence and the recent mining licence, I believe we are translating this in-situ value into a commercially attractive pre-production asset.”

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