Amur Minerals Corporation Mining Licence Update (6451W)
November 11 2014 - 1:00AM
UK Regulatory
TIDMAMC
RNS Number : 6451W
Amur Minerals Corporation
11 November 2014
11 November 2014
AMUR MINERALS CORPORATION
(AIM: AMC)
Mining Licence Update
Ministry of Economic Development Approval
Amur Minerals Corporation ("Amur" or the "Company"), the
nickel-copper exploration and development company focused on base
metal projects located in the Far East of Russia, is pleased to
announce the Ministry of Economic Development ("MED") has approved
the "Detailed Exploration and Production Licence" application on
Amur's Kun-Manie nickel copper sulphide project. All required
independent and external reviews required by Rosnedra are now
complete.
Rosnedra will compile and submit its summary report on the
Company's application to its parent organisation, the Ministry of
Natural Resources ("MNR") for further consideration and ultimate
submission to the administration of Prime Minister Dmitry Medvedev
for final consideration and approval.
With the MED approval, another milestone has been reached in the
process of converting a portion of the exploration licence at
Kun-Manie to that of a production licence. The area contains all
drilled mineralisation during the last 10 years.
Highlights:
-- MED completed its review of the application which includes
the terms and conditions, the coordinates of the mining licence
area and the one time conversion payment.
-- The MED review is the final external report required by the MNR and Rosnedra.
-- Updated approval reports have already been issued by Federal
Antimonopoly Service ("FAS"), Ministry of Defence ("MOD"), and the
Federal Security Service ("FSB").
-- Rosnedra will forward the application to its parent, the MNR, for approval.
Robin Young, CEO of Amur Minerals Corporation, commented:
"We are pleased that major progress on our application
converting a portion of our exploration licence to a Detailed
Exploration and Production Licence is another step closer to
completion. The Ministry of Economic Development has now approved
the production license terms that establish the one-time payment,
environmental monitoring and basic production terms, and reporting
timelines. These terms are the result of fair and open negotiations
between Amur and the Russian Government. We continue to see the
Russian authorities participating on a highly proactive basis to
ensure the Kun-Manie project and development of the vast Far
Eastern region in general continues. We thank our counterparts in
the Ministry of Economic Development and shall continue to fully
cooperate with the Ministry of Natural Resources so that the
administration of the Prime Minister receives our application as
soon as possible."
Enquiries:
Company Nomad and Broker Public Relations
Amur Minerals S.P. Angel Corporate Yellow Jersey
Corp. Finance LLP
Robin Young CEO Ewan Leggat Dominic Barretto
Katy Birkin Kelsey Traynor
+44 (0) 7981 126 +44 (0) 20 3463 +44 (0) 77 6853
818 2260 7739
Notes to Editors
The information contained in this announcement has been reviewed
and approved by the CEO of Amur, Robin Young. Mr. Young is a
Geological Engineer (cum laude) and is a Qualified Professional
Geologist, as defined by the Toronto and Vancouver Stock
Exchanges.
For further information, see the Company website at
www.amurminerals.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEAKFEFLELFFF
Amur Minerals (LSE:AMC)
Historical Stock Chart
From Apr 2024 to May 2024
Amur Minerals (LSE:AMC)
Historical Stock Chart
From May 2023 to May 2024