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Trading Statement

23 Jan 2015 09:17

RNS Number : 9808C
Frontier Mining Ltd
23 January 2015
 



 

FRONTIER MINING LTD

("Frontier" or "the Company")

 

Operations and Corporate Update

 

Frontier Mining Limited (AIM:FML), the AIM listed copper production, exploration and development company focused on Kazakhstan, announces that operations at the Benkala copper mine were closed for the winter months on 18 January 2015. A total of 1,276 tonnes of copper cathode was sold in the 12 month period to 31 December 2014. Lower levels of production in the latter part of last year have meant that copper sales have been unsufficient to cover production costs.

 

The winter closing allows the Company, which continues to be cash constrained, to conserve capital as discussions continue with various parties to enter into a partnership agreement with Frontier for its Benkala project. During 2015, Frontier plans to restructure its existing debt facilities and secure a new investor to enable the Company to increase copper cathode production levels at Benkala.

 

-ENDS-

 

Frontier Mining Ltd

Yerlan Minavar

Tel: +44 20 7898 9019

 

Nomad

Cairn Financial Advisers LLP

Sandy Jamieson

Tel: +44 20 7148 7900

 

Broker

RFC Ambrian

John Harrison

Stefan Murphy

 

Tel: +44 20 3440 6800

Walbrook PR and IR

Paul Cornelius

Tel: +44 20 7933 8780

Guy McDougall

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTGCGDBLBDBGUX
Date   Source Headline
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18th Jan 20127:00 amRNSHolding(s) in Company
12th Jan 20127:00 amRNSAdditional Benkala Project Funding
19th Dec 20117:00 amRNSOfficial Opening of Benkala Copper Project
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5th Sep 20117:00 amRNSAGM Update
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27th Jun 20117:00 amRNSFinal Results
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6th Jun 20117:00 amRNSBoard Appointment
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21st Apr 20113:07 pmRNSDirectorate Change
18th Apr 20117:00 amRNSBoard Appointment
13th Apr 20117:00 amRNSChange of Adviser
11th Apr 20117:00 amRNSFrontier Completes Acquisition of Coville
23rd Mar 20117:00 amRNSOre Stockpiling Operations Commenced at Benkala
21st Mar 20117:00 amRNSKey Decision on Coville Acquisition
17th Mar 201110:39 amRNSDirector's Dealing
9th Mar 20117:00 amRNSUpdate on Status: Acquisition of Coville interests
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28th Feb 20117:00 amRNSHSBC Project Funding
14th Feb 20117:00 amRNSUpdated JORC Resource Estimate
7th Feb 20117:00 amRNSBoard Appointment
2nd Feb 20117:00 amRNSOperational Update
13th Jan 201112:36 pmRNSDirector/PDMR Shareholding
12th Jan 20118:45 amRNSIssue of Shares
31st Dec 201010:44 amRNSIssue of Shares
20th Dec 201012:52 pmRNSPlacing to raise £4 million
17th Dec 20107:00 amRNSCompletion of Re-Domicile
1st Dec 20107:00 amRNSCompletion of JORC Resource Estimate
26th Nov 20102:31 pmRNSDirectorate Change
25th Nov 20107:00 amRNSAppointment of non-executive director
24th Nov 20104:38 pmRNSDirector/PDMR Shareholding
22nd Nov 20108:54 amRNSReplacement: HSBC Project Funding
22nd Nov 20107:00 amRNSGold Production Update
18th Nov 20104:30 pmRNSDelay to Re-domicile
8th Nov 20101:17 pmRNSSpecial Meeting
29th Oct 20104:30 pmRNSDirector Shareholding
18th Oct 201012:30 pmRNSSchedule 1 - Frontier Mining Limited
18th Oct 201010:56 amRNSStatement re Re-Domicile

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