Share price movement

30 Oct 2008 14:28



Aricom plc 

("Aricom")

Share price movement

Aricom (LSE: ORE, OREW), the Anglo-Russian developer of mineral resources, notes the movement in its share price today and the announcement yesterday that the Russian and Chinese authorities have reached agreement on a proposal for the construction of the first railway bridge between the countries. Aricom expects that if the bridge is constructed, it is likely to result in a saving of approximately US$4.0 per tonne of iron ore in transport costs. Aricom is also currently considering whether or not to tender for the contract to construct the bridge.

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