Last checked at 23 Jul 2018 07:00
23 July 2018
AMUR MINERALS CORPORATION
(AIM: AMC)
GEFCO MEMORANDUM OF COOPERATION
Transport and Logistics Support
Amur Minerals Corporation ("Amur" or the "Company"), a nickel-copper sulphide mineral exploration and resource development company focused on its Kun-Manie nickel copper project ("Kun-Manie") located in the Far East of Russia, is pleased to announce it has entered into a Memorandum of Cooperation ("MOC") with GEFCO LLC ("GEFCO").
GEFCO is a global expert in supply-chain solutions providing fully integrated transport and logistics solutions with a strong presence in Russia, being 75% owned by JSC Russian Railways. This MOC will address the Company's rail and shipping transport requirements for project construction, operational supply support and saleable product delivery to the Asian markets of China, Japan and Korea foremost among international opportunities, and will include, but not be limited to:
· Multimodal transportation by rail, road, sea and air for construction and infrastructure projects, supply of mining operation equipment
· Domestic and international deliveries of saleable products by rail and sea
· Loading, unloading works and customs handling for both inbound and outbound flows
· Compliance with operational supply chain requirements, provision of support and technology
· Compliance with rail siding requirements and development
· Transport and logistics advisory support to third parties
With regard to Kun-Manie's access along the Baikal-Amur Mainline Railway ("BAM"), multiple options are available for transport by rail both over land and to multiple seaports for inbound and outbound shipments. Handling and customs formalities are vitally important for coordinating logistics needs during both the construction and the operational phases.
Robin Young, CEO of Amur Minerals, commented:
"The transport and logistical requirements for Kun-Manie are multifaceted, covering three key considerations of project construction, mine operation and sale of product. Discussions have been on-going between Amur and GEFCO representatives on these considerations and the MOC represents the start of the next stage, namely, developing definitive transport and logistic solutions. It is also very important, given the complexity of global transport and logistics, that we have GEFCO providing advisory assistance in our discussions with other parties."
Valeria Seledkova. General Director, GEFCO Russia, commented:
"The development of Kun-Manie will contribute significantly to the regional development of the Far East. The project requires an intricate approach, and with the MOC signed, we're ready to develop tailor-made logistic solutions. At GEFCO, we always integrate on demand and welcome challenges. We look forward to implementing the joint project with Amur Minerals."
Enquiries:
Company Amur Minerals Corp. | Nomad and Broker S.P. Angel Corporate Finance LLP | Public Relations Blyth Weigh |
Robin Young CEO | Ewan Leggat Soltan Tagiev | Megan Ray Tim Blythe |
+7(4212)755615 | +44(0)20 3470 0470 | +44 (0) 20 7138 3203 |
GEFCO Russia
Established in 2003, GEFCO's Russian subsidiary ranks in the Top-3 of Russian and foreign logistics operators and employs more than 500 highly skilled specialists. GEFCO Russia has offices in Moscow, St Petersburg, Nizhniy Novgorod, Kaluga, Novorossiysk, Togliatti, Kaliningrad, Chelyabinsk and Vladivostok. GEFCO Russia was the first company in Russia to open logistics centres for storage and pre-delivery inspection of finished goods and transport vehicles.
https://ru.gefco.net/ru (Russian)
https://ru.gefco.net/en (English)
Notes to Editors
The information contained in this announcement has been reviewed and approved by the CEO of Amur, Mr. Robin Young. Mr. Young is a Geological Engineer (cum laude), a Professional Geologist licensed by the Utah Division of Occupational and Professional Licensing, and is a Qualified Professional Geologist, as defined by the Toronto and Vancouver Stock Exchanges. An employee of Amur for 12 years, previously Mr. Young was employed as an independent consultant with Fluor Engineers, Fluor Australia and Western Services Engineering, Inc. during which time his responsibilities included the independent compilation of resources and reserves in accordance with JORC standards. In addition, he was the lead engineer and participant of numerous studies and projects requiring the compilation of independent Bankable Studies utilised to finance small to large scale projects located worldwide. Mr. Young is responsible for the content of this announcement.
For further information on the Company, see the Company website at www.amurminerals.com.