Anon, latest from company interim report1 Nov 2021 09:37
The company’s permanent conditions, or TEO report, was submitted to the authorities in August.
It put the Russian B + C1 reserve for Kun-Manie at 144mln ore tonnes containing 1.1mln tonnes of nickel and 304,00 tonnes of copper. The potential mine life is 25 years at 11.2mln tonnes a year.
The commentary came alongside Amur’s interim results which showed the group posted an operating loss of US$1.15mln for the six months ended June 30. It finished the half with cash reserves of US$1.85mln and shortly after received US$6.1mln from Hamilton Investments for the sale of its subsidiary Carlo Holdings Ltd.