Amur Minerals Corporation Mining Licence Update (4860X)
November 20 2014 - 2:00AM
UK Regulatory
TIDMAMC
RNS Number : 4860X
Amur Minerals Corporation
20 November 2014
20 November 2014
AMUR MINERALS CORPORATION
(AIM: AMC)
Mining Licence Update
Submittal to Ministry of Natural Resources
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 that the next step to obtaining the "Detailed Exploration
and Production Licence" for the Kun-Manie nickel copper sulphide
project has been initiated. On 19 November 2014, Rosnedra forwarded
the application to its parent organization, the Ministry of Natural
Resources ("MNR") for review.
The project, having obtained approvals as an asset of federal
strategic significance from four additional external agencies, has
now been submitted to the MNR. The MNR will review the application
and upon approval will forward its recommendation to the government
of Prime Minister Dmitry Medvedev for final authorisation.
With the recent Ministry of Economic Development ("MED")
approval and the current submittal to the MNR, forward progress
continues 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 identified during the last 10
years.
Highlights:
-- MNR conducts the final agency review in the license granting
process before the application is submitted to the government of
Prime Minister Dmitry Medvedev for ultimate approval.
-- The approval reports by the Federal Antimonopoly Service
("FAS"), Ministry of Defence ("MOD"), the Federal Security Service
("FSB"), and the MED have now been consolidated and Rosnedra's
findings have been forwarded for MNR's review.
Robin Young, CEO of Amur Minerals Corporation, commented:
"We are very pleased to be able to inform our shareholders that
the mining license conversion process continues to move forward
with the support of the Russian authorities and in particular
Rosnedra. We also note that our counterparts in the various Russian
agencies continue to demonstrate that they are highly motivated,
professional and interested in the successful development of
Kun-Manie. This is discernible in the fact that Rosnedra completed
the last round of work in a week. Both Amur and the Russian
Federation's local and national interests are aligned wherein all
recognise that the successful granting of the production rights and
subsequent development of the project will add greatly to the
socio-economic development of the important Far East region."
Enquiries:
Company Nomad and Broker Public Relations
Amur Minerals S.P. Angel Corporate Finance Yellow Jersey
Corp. LLP
Robin Young CEO Ewan Leggat Dominic Barretto
Katy Birkin Kelsey Traynor
+44 (0) 7981 126 +44 (0) 77 6853
818 +44 (0) 20 3463 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
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