Amur Minerals Corporation Mining Licence Update (0483Z)
December 08 2014 - 2:00AM
UK Regulatory
TIDMAMC
RNS Number : 0483Z
Amur Minerals Corporation
08 December 2014
08 December 2014
AMUR MINERALS CORPORATION
(AIM: AMC)
Approval of Ministry of Natural Resources
Mining Licence Update
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
report that Russian authorities have confirmed that the Ministry of
Natural Resources ("MNR") of the Russian Federation has approved
the Company's application for a mining license. This is the final
agency approval required in the licence conversion process and it
has now been forwarded to the administration of Prime Minister
Dmitry Medvedev for final authorisation.
With the MNR approval and the final submittal to the Prime
Minister, the process of converting a portion of the exploration
licence at Kun-Manie to that of a production licence is now one
step from final approval, needing only the signature of the Prime
Minister or his designate. The licence area contains all drilled
mineralisation identified during the last 10 years.
Highlights:
-- MNR has approved the application for a mining licence and
submitted it to the Government of Prime Minister Dmitry Medvedev
for the ultimate signoff.
-- The process of converting the selected mining licence area
from that of an exploration licence is nearing completion. The full
complement of Russian agencies required to review and approve the
application is now complete.
-- The MNR has now directly submitted its recommendation to the
government of Dmitry Medvedev for consideration and final sign off.
Upon sign off, a directive to all agencies to complete the
necessary administrative paperwork completing issuance of the
production licence will be issued.
Robin Young, CEO of Amur Minerals Corporation, commented:
"We are pleased to inform our shareholders that the license
conversion process continues to move forward with the support of
the Russian authorities. The Strategic Law of 2008 created a
lengthy but explicit process by which exploration rights can be
converted to mining rights. Along with the extensive field work and
engineering studies carried out to determine the viability of the
deposit, all required Russian Government agencies have now approved
our application on the strategic asset of Kun-Manie and we now
await final signoff by the Prime Minister, Mr. Dmitry Medvedev.
Having received approvals from all the required agencies, speaks to
the desire of the Russian Government, in accord with Amur, to move
this project onto the next phase. We thank our counterparts in the
Government for their timely and professional work, and we will
continue our cooperation for the benefit of Amur shareholders and
Far Eastern socio-economic development."
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 3470 +44 (0) 77 6853
818 0470 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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