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Amur Minerals investigating infrastructure options at Kun-Manie

Mon, 12th Dec 2016 12:11

(ShareCast News) - Eastern Russia-focused base metals exploration and development company Amur Minerals reported that its executive management and key local staff had completed a series of meetings with various state and federal agencies of Russia's Far East Region on Monday.The AIM-traded firm said the meetings were held with regards to infrastructure requirements for its Kun-Manie nickel copper sulphide deposit in the northeast of the Amur Oblast.It said the meetings were the first to be completed since the announcement of the memorandum of understanding with Jinchuan Group, announced on 31 October.In addition, a previously-completed financial advisory agreement with the Far East Investment and Export Agency, continuation of its working relationship with the Far East and Baikal Region Development Fund in a heads of terms, and a letter of intent with IG Copper were also completed, the board said, which were key to the company's ongoing discussions relating to infrastructure development at Kun-Manie.The agreements provided the company with a series of alternatives to the development of the project which were now under consideration.On a standalone basis, directly related to Amur's Kun-Manie project, a 320 kilometre-long road from the mine site to the Baikal Amur Rail Line would be required.The company now also had three options available to its treatment of the Kun-Manie concentrate, including toll treatment of part or all of concentrate by a contract smelting company, likely to be located in China.Other options included the construction of an owner-operated concentrate treatment facility alongside the BAM to treat Kun-Manie concentrate only, or the construction of a concentrate treatment facility with excess capacity allowing the company to treat sulphide concentrates from other companies.The available concentrate treatment options require unique considerations in design of the infrastructure, the board said, with regard to transportation via road and rail and the access to power.With the newly established agreements, infrastructure development requires specific investigation to identify the most beneficial financial option for the company.Key participants to the meetings included the Governor of Amur Oblast Aleksandr Kozlov, the Deputy Head of the Government, state ministers and additional staff of the state and regional ministries.Meetings with representatives of the Russian railway system were also held."The continued support and input from the multiple Russian agencies at all levels is a key aspect to the successful development of our Kun-Manie project," said CEO Robin Young."We have been and continue to remain focused on maintaining a long term relationship which is mutually beneficial to all participants in both the public and private sectors."The support from these agencies is invaluable as the project moves forward toward production."

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29 Jan 2014 09:38

Amur Minerals Says Set To Benefit From Russia Tax Cuts

LONDON (Alliance News) - Amur Minerals Corp Wednesday said its Kun-Manie nickel-copper project in the far east of Russia is set to benefit after the Russian government cut the country's Mineral Resources Extraction Tax and its Profits Tax. The Mineral Resources Extraction Tax was a flat 8%

11 Oct 2013 08:48

Amur Minerals Completes 2013 Drill Programme As It Moves Toward Russia License

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Amur minerals completes Kubuk drilling

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30 Sep 2013 08:51

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12 Sep 2013 10:30

Amur Minerals Mining License Application Passes 2 Russian Hurdles

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Amur Minerals has cash and expects exciting times ahead

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12 Jun 2013 09:43

Amur Minerals commences first stage of drilling at Kun-Manie

AIM-listed mineral exploration and resource development company Amur Minerals, has initiated its 6,000 metre 2013 drill campaign at its Kun-Manie exploration licence. The company reported that the first stage of drilling had been initiated at the company's Kubuk target within the Kun-Manie explora

24 May 2013 08:28

Amur Minerals advances on Kun-Manie mining licence progress

Amur Minerals, the exploration and development company focused on Far East Russia, has received formal notification that the Federal Agency on Subsoil Use (Rosnedra) has completed calculation of the one-time payment to convert a portion of its exploration licence to a mining licence on its Kun-Manie

23 Apr 2013 16:26

Wessex Exploration directors keep the faith

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19 Apr 2013 12:47

Amur Minerals prepares drilling of Kun-Manie nickel-copper mine

Amur Minerals Corporation's shares rose Friday after the miner announced it the completion of restocking at its Kun-Manie nickel-copper sulphide project in Russia. The delivery of more than 200 tonnes of fuel, supplies, spare parts and materials will allow the company to begin 6,000 metres of dril

25 Mar 2013 07:12

Monday broker round-up UPDATE

Amur Minerals Corporation: HB Markets initiates with a speculative buy. ARM Holdings: Bank of America Merrill Lynch reiterates buy and 1,145p price target. AstraZeneca: Deutsche Bank raises target price from 2800p to 3100p and keeps a hold recommendation. Exane BNP ups target price from 3100p to 3

22 Mar 2013 10:55

Amur Minerals jumps on hopes of project approval in Russia

Amur Minerals Corporation's shares rocketed Friday after the nickel-copper sulphide miner announced progress on its Kun-Manie project in Blagoveshchensk, Russia. The company said the application for its mining licence is under review by the Ministry of Natural Resources. Approvals from the Mini

20 Mar 2013 10:55

Amur Minerals advances on approval of Russian development

Amur Minerals Corporation's shares surged Wednesday after the nickel-copper sulphide exploration company said the Russian government accepted a regional development plan in the country's Far East. The plan, which comprises the Kun Manie nickel project, includes an 11trn rouble investment in the reg

6 Mar 2013 14:39

Amur Minerals completes construction of ice road

Amur Minerals Corporation, a nickel-copper sulphide mineral exploration and resource development company, has completed the construction of its winter ice road from the Baikal - Amur rail siding to its Kun-Manie project. The road is constructed every year and is used by the comnpany to restock the

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