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Pin to quick picksAmur Minerals Share News (AMC)

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Amur Minerals Begins Review Of Kun-Manie Project Access Road

Thu, 08th Mar 2018 12:43

LONDON (Alliance News) - Amur Minerals Corp said Thursday it has started the access road development programme for the ice road to its Kun-Manie project, a week after completing the road.

Amur announced on Friday last week it had completed the 350 kilometre road, which runs along the Baikal-Amur rail line from the Ulak station to the nickel-copper Kun-Manie mine, located in Amur oblast on Russia's border with China.

The company has commissioned JSC Cevi Construzioni to carry out the three-step process to allow Amur to apply for a long-term grant of access rites to the project's site.

The first stage will be a review of its current road design route and parameters used, including bridge and crossing designs, hydrological considerations, and land ownership considerations, amongst other things. This step, it said, will take eight to 12 weeks, and will start on Monday next week.

Amur said the second stage, lasting four to five months, will be a more detailed design review, with capital and operating costs included in this step.

Lastly, alongside the first two stages, Amur will complete a land usage package compilation, including public hearings for additional input on route selection. The company said it has strong local and government support for the Kun-Manie project.

These evaluations will be put into a final document for review by relevant authorities so Amur can move to land allotment, cadastral registration, and the assignment of a short-term lease.

Chief Executive Robin Young said: "The kickoff of our access road development programme represents a major shift from our historical exploration mode to that of an engineering and design mode.

"The access road has always been a key variable in ensuring that we can successfully mine the largest undeveloped nickel copper sulphide deposit located immediately adjacent the three largest international nickel consuming nations of China, Japan and Korea. This road will allow Amur to deliver concentrate into the rail system for delivery to market and the ability to supply and support the planned operation."

Shares were down 6.0% on Thursday at 5.17 pence each.

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