Amur Minerals (AMC)

Business description

Amur Minerals is an exploration and development company focused on base metal projects in Russia’s far east. The company’s principal asset is the Kun-Manie nickel sulphide deposit in the Amur Oblast, comprising almost 1Mt of contained nickel equivalent in at least five deposits.

In from the cold

Initiation | Mining | 22/07/2015

Kun-Manie is among the 20 largest nickel sulphide deposits in the world and the award of a production licence this year (until 2035) allows Amur Minerals (AMC) to shift its strategy from one of exploration to one of preproduction. A pre-feasibility study on the project was completed by SRK in 2007 and envisaged a 4.0Mtpa operation. However, this has now been superseded by subsequent technical work, with the result that Amur now envisages a 6.0Mtpa operation producing over 15 years, together with an owner-operated smelter in lieu of the earlier toll smelting strategy.

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Stock data

Market cap.£46.4m
Last close7.320p
High / Low (52 weeks)15.2p / 5.5p
Stock market listingLN
Forecast net cash (US$m)138
Forecast gearing ratio (%)N/A
TeamResources - Mining
SectorMining

Price performance

%1m3m12m
Actual(10.7)(15.8)24.1
Relative *(9.1)(15.4)12.4

* % Relative to local index

Company news

Amur Minerals

Tue, 08 Aug 2017 10:08:52 GMT

Amur Minerals

Wed, 18 Oct 2017 07:25:43 GMT

Amur Minerals

Tue, 20 Jun 2017 07:07:08 GMT

Amur Minerals

Mon, 13 Mar 2017 09:28:15 GMT

Amur Minerals

Mon, 25 Sep 2017 06:57:26 GMT