Liberia/Guinea: Sable Mining takes company private

Sable Mining is to cancel its AIM listing and take the company private after a series of factors including the lower iron ore price and a Global Witness investigation depressed its share price. The cancellation takes effect from 17 October.Sable’s main asset is the Nimba iron ore project in south-east Guinea. Sentiment has been affected by political instability in Guinea, the Ebola epidemic and low iron ore prices, as well as what Sable described as “unpredictability of legal systems together with unsubstantiated and irresponsible allegations and adverse press speculation”.