TIDMIMIC

RNS Number : 4996D

Intl Mining & Infrast Corp PLC

29 January 2015

For immediate release 29 January 2015

INTERNATIONAL MINING & INFRASTRUCTURE CORPORATION PLC

("IMIC" or the "Company")

Result of AGM

International Mining & Infrastructure Corporation plc (AIM: IMIC), the company focused on unlocking the value of African iron ore, announces that, at the Annual General Meeting held on 29 January 2015, all resolutions set out in the Notice of Annual General Meeting dated 30 December 2014 were duly passed.

For further information, please contact:

 
 International Mining & Infrastructure           www.imicplc.com 
  Corporation plc 
 Ethelbert Cooper, Chairman 
  Haresh Kanabar, Chief Financial                +44 (0) 20 7290 
  Officer                                                   3340 
 Strand Hanson Limited - Financial        www.strandhanson.co.uk 
  & Nominated Adviser                            +44 (0) 20 7409 
  James Spinney / Ritchie Balmer                            3494 
  / James Bellman 
 Pareto Securities Limited - Sole              www.paretosec.com 
  Broker                                         +44 (0) 20 7786 
  Guy Wilkes / Will Slack                                   4370 
 Buchanan                                    www.buchanan.uk.com 
  Mark Court / Sophie Cowles                     +44 (0) 20 7466 
                                                            5000

About IMIC

IMIC's strategy is, in conjunction with its partner AIOG, to develop fundable solutions to infrastructure provision for iron ore resources in West and Central Africa. In support IMIC will seek to acquire interests in junior iron ore miners which would benefit from a specific infrastructure solution. IMIC made its first investment with the Dec 2013 acquisition of Afferro Mining Inc, taking ownership of four iron ore deposits in Cameroon, the most advanced asset being Nkout. IMIC plans to continue to develop its assets, including accelerating the feasibility studies of the smaller Ntem deposit, which is located only 80km from Kribi deep water port.

IMIC's focus will initially be on iron ore opportunities in West and Central Africa. The demand for iron ore is currently being driven by China which consumes approximately 70 per cent. of the world's current annual production. As the urbanization of China continues demand for iron ore is expected to remain at significant levels through to 2030. The iron ore projects currently identified in West and Central Africa have the potential to produce at least 400 million tonnes of iron ore each year. This would establish Africa as a global player, alongside Australia and Brazil, in the iron ore industry.

In order to help deliver its infrastructure solutions, IMIC and AIOG have established strategic partnerships with various Chinese state owned companies. These companies are involved in railway and port construction, power, iron ore beneficiation and iron ore marketing. These relationships are intended to give IMIC and AIOG the ability to work with relevant governments and financial institutions to deliver infrastructure solutions and to guarantee the onward sale of iron ore in China.

IMIC shares are traded on the London Stock Exchange's AIM market under the ticker symbol IMIC.

This information is provided by RNS

The company news service from the London Stock Exchange

END

RAGSEUFFUFISEEF

Intl Min&IN Crp (LSE:IMIC)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Intl Min&IN Crp Charts.
Intl Min&IN Crp (LSE:IMIC)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Intl Min&IN Crp Charts.