World Significant Mine15 Jul 2020 23:35
Just a reminder regards AMC’s asset and it’s world significance
Old 2017 Investor Chronicle Article that rated the top world mines and projects...
In several cases, these projects form just one part of a huge portfolio of a company’s assets. Nevertheless, we’ve tried to highlight those that are central to those larger miners’ fortunes, or could be considered among the top projects in their portfolios. Elsewhere, we’ve tried to pick out mines we think are highly profitable, could be highly profitable or are undervalued. Our exclusion of coal mines from the list reflects our belief that over the long term coal will cease to be an investable commodity.
Amur’s KM project named number 11
11.Amur Minerals' (AMC) Kun-Manie prospect, located in the snow-covered Amur Oblast region in the far east of Russia, is about as geographically isolated as it gets. But the early-stage nickel sulphide project is also in a region where the Kremlin wants to see job growth, and mining has long been the country’s economic panacea of choice. Construction of an open pit and underground mine at Kun-Manie remains a long way off, as do definitive cost expectations, but what is increasingly clear is that Amur is sitting on an enormous asset. This month, the Aim-traded company upgraded its resource estimate for the project to 1.04m tonnes of nickel equivalent, which based on current prices has an in-situ value of $10.5bn. Extracting that will be no easy feat, but if achieved it would make Amur a top 10 nickel producer.
This was before the known Nickel tonnage increased to 1.5m tonne and now with 3 more years of progress towards TEO and final takeover.
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