Wallbridge Mining Announces Deal with Lonmin‎
Wallbridge Mining Company Limited has signed an agreement with Lonmin Plc in which Lonmin will buy 13.2 million units of Wallbridge for $2.5 million. Each unit of the Canadian company will cost Lonmin CAD $0.19 and comprise of one common share of Wallbridge and a half common share purchase warrant.
Alar Soever, the Chief Executive Officer of Wallbridge Mining said that this recent investment shows Lonmin's continued confidence and support for their exploration work in Sudbury. The Sudbury Basin is the most attractive target area in the world for the discovery of high grade copper, nickel and platinum deposits he added.
Albert Jamieson, the CCO of Lonmin said that they had been exploring for PGMs with their Joint Venture partners in the Sudbury Basin for nearly 10 years and were now beginning to see the fruits of that hard work. He added that they looked forward to progressing the projects in the coming year. Wallbridge's position in Sudbury offers unique large-scale discovery upside in Canada's premier mining district.
Marz Kord, President of Wallbridge said that the long term relationship with Lonmin since January 2002 demonstrates that Lonmin continues to be not only a great Joint Venture partner, but also a supportive shareholder of Wallbridge in their exploration work in Sudbury.
Written by
Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.
Please use one of the following formats to cite this article in your essay, paper or report:
APA
Scanlon, Joel. (2019, March 19). Wallbridge Mining Announces Deal with Lonmin. AZoMining. Retrieved on February 01, 2026 from https://www.azomining.com/News.aspx?newsID=5777.
MLA
Scanlon, Joel. "Wallbridge Mining Announces Deal with Lonmin". AZoMining. 01 February 2026. <https://www.azomining.com/News.aspx?newsID=5777>.
Chicago
Scanlon, Joel. "Wallbridge Mining Announces Deal with Lonmin". AZoMining. https://www.azomining.com/News.aspx?newsID=5777. (accessed February 01, 2026).
Harvard
Scanlon, Joel. 2019. Wallbridge Mining Announces Deal with Lonmin. AZoMining, viewed 01 February 2026, https://www.azomining.com/News.aspx?newsID=5777.
We're committed to providing free access to quality science. By registering and providing insight into
your preferences you're joining a community of over 1m science interested individuals and help us to
provide you with insightful content whilst keeping our service free.
or
Terms
While we only use edited and approved content for Azthena
answers, it may on occasions provide incorrect responses.
Please confirm any data provided with the related suppliers or
authors. We do not provide medical advice, if you search for
medical information you must always consult a medical
professional before acting on any information provided.
Your questions, but not your email details will be shared with
OpenAI and retained for 30 days in accordance with their
privacy principles.
Please do not ask questions that use sensitive or confidential
information.
Read the full Terms & Conditions.