Peter Hambro Mining - 2006

I assume POG still has holdings in this ?

LONDON (AFX) - Aricom PLC said its affiliate 000 Amur Mining's winning tender for an iron ore licence in Russian has been formally approved and Aricom expects to be in a position to buy a controlling interest in Amur subject to regulatory approval.

The licence was approved by the Licensing Commission of Rosnedra, the Agency on the Use of Subsoil of the Ministry of Natural Resources of the Russian Federation, in Moscow.

The tender was to explore and mine the Garinskoye iron ore property in the Amur Region of Far East Russia.

Amur bid 500 mln roubles (19 mln usd) for the license.

AIM-listed Aricom, the iron ore and titanium miner that operates in Russia, was spun off from gold miner Peter Hambro Mining PLC.

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