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Minmet lists on AIM

RNS Number:7681V
Minmet PLC
16 December 2005


Friday 16 December 2005

Minmet plc
('Minmet' or the 'Company')

Minmet lists on AIM

Minmet plc, the diversified international natural resources business, is pleased
to announce its listing on the London Stock Exchange's ("LSE") AIM market, with
immediate effect. Minmet's shares are also listed on the Irish Stock Exchange's
IEX market.

Following the implementation of the EU Prospectus Directive on 1 July 2005,
trading facilities on the LSE were no longer available to certain Irish
companies, including Minmet, which made trading in the Company's shares
difficult, particularly for UK based shareholders and investors. The dual
listing on AIM and IEX will facilitate trading in the Company's shares by its
large number of UK based shareholders and provide the Company with increased
exposure to investors, both in the UK and Europe.

Minmet has been restructured and refinanced over the past six months and is
currently implementing a revised corporate strategy that plans to exploit the
assets and projects within the Company's portfolio to enhance and accrete value
for shareholders. Part of this strategy is to move the Company from being a
mining operator and exploration company to becoming a business incubator of
natural resource assets and projects that are developed into standalone tradable
operations. These operations can then be listed in their own right or developed
within Minmet depending upon their size and potential.

Previous examples of accreting value through the spin-off strategy include the
listing of the Company's exploration assets in the Dominican Republic into
GoldQuest Mining Corp ("GoldQuest"), the sale of exploration projects in
Northern Sweden to Ovoca Gold plc, the joint venturing with Vancouver based
Northland Resources Inc ("Northland") of the Company's Barsele Gold exploration
project in Sweden and a joint venture with RST Resources Minerals Limitada
("RST") on the Coromandel Diamond concessions in Brazil.

Ongoing projects include the spin-off of certain Brazilian exploration assets
into Horizonte Minerals Limited ("Horizonte"), which plans to list on AIM in
2006.

Headquartered in Dublin, Ireland, Minmet was established in 1988 and has a
current market cap of approx. Euro15 million.

Mike Neville is Executive Chairman and Michael Nolan Chief Executive. The Board
also comprises three non Executive Directors: David Hall, Professor Michael
Johnson and John Liwosz.

HB Corporate is the Nominated Adviser and Broker to the issue.

Michael Nolan, Minmet Chief Executive, commented: "We are delighted to be
joining the London Stock Exchange. The dual listing will bring increased
exposure to old and new investors that will facilitate in the development of the
Company, its portfolio of assets, projects and investments and a number of new
opportunities in the natural resource sector. The commodities sector is
currently strong and we have identified a number of investment opportunities,
with good management but limited capital, where we believe we can bring our
corporate skills to assist these opportunities to successfully develop."

- Ends -

For further information please contact:

Minmet
Michael Nolan +353 1 661 3309

HB Corporate
David Newton +44 (0) 20 7510 8600

Maitland
Liz Morley +44 (0) 20 7379 5151
Alastair Crabbe

Website: www.minmet.ie

Notes to editors

On 12 April 2005 Minmet moved its Irish listing to the Irish Enterprise Exchange
(IEX) of the Irish Stock Exchange.

Minmet plc activities:

*Operating and permitted gold mine at Bjorkdal in northern Sweden
*Oil & Gas exploration opportunities in the Barnett Shales, Fort Worth,
Texas USA
*Gold exploration at Barsele & Norra with JV partners Northland in
northern Sweden
*Bio leaching process for environmentally friendly extraction of metals
from difficult ore bodies; currently being applied to ore tailings at Suior,
Baia Mare in Romania
*Lead and Zinc exploration at Sungem, Coromandel in Brazil
*Diamond exploration at Coromandel, Brazil with JV partners RST
*Ownership of a comprehensive and unique geological database of Sweden and
some parts of Finland and Ireland

Minmet also holds strategic investments in:

*GoldQuest Mining Corp - exploring for Gold in the Dominican Republic.
Minmet own 26.2% of the issued share capital of GoldQuest
*Northland Resources Inc - a joint venture partner on the Barsele and
Norra Gold exploration projects in northern Sweden
*Horizonte Minerals Limited - Minmet is currently arranging the spin-off
of some of its Brazilian and Peruvian projects into Horizonte. It is
intended to list Horizonte on the AIM market in London. The projects to be
transferred to Horizonte include El Aguila silver exploration in Peru and
several exploration projects in Brazil plus a number of third part projects
in Brazil.



Backgrounds

Mike Neville, Executive Chairman
Mike Neville has been involved in the Public markets for the last 10 years,
where he has specialised in turn around situations, M&A and raising money for
under capitalised companies. He has more than 20 years experience in the
telecommunications, Media and Technology arena and has previously held various
senior management positions with organisations such as Cable and Wireless. He
currently serves on the board of several companies, both in the Public and
Private arena. Mr Neville holds an Engineering degree and a MBA.

Michael Nolan, Chief Executive
Michael Nolan has worked in the natural resources sector for over eleven years.
He has gained industry knowledge through founding, investing in and serving on
the Boards of a number of public exploration and mining companies in the UK,
Ireland, Sweden and Canada.

Mr Nolan is a chartered accountant and worked in practice with Deloitte followed
by a five-year period in corporate finance and private equity. He served as
financial controller of a number of SME businesses prior to joining Minmet plc
as Finance Director in 1994. He has acted as CEO of Minmet plc since November
1999.