Description
Rusina Mining N.L. is an active mining exploration company that is focused on the emerging Philippine mining sector. The Company has defined a JORC compliant resource estimate for nickel laterites at its Acoje tenement on the island of Luzon and will commence mining operations in the second half of 2007. The Acoje property also hosts chromite, nickel sulphides and platinum group metals. Rusina is listed on the Australian Stock Exchange, code RML and the London Stock Exchange (AIM) code RMLA.
Share Price
In-depth Rusina Mining Proactive Investors Articles
- 03/02/2010 Rusina Mining to merge with European Nickel PLC
- 18/09/2009 Rusina Mining receives strong investment from UK institutions, raises A$5.75m
- 03/07/2009 Rusina Mining progressing heap leach trial, aims to reduce capital and cash costs at Acoje
- 19/12/2008 Better news for Rusina Mining at Acoje
- 04/11/2008 Rusina has nice plump cushion to fall back on until cashflow resumes
Recent Rusina Mining news
- 02/03/2010 European Nickel and Rusina merger satisfies due diligence, deal expected to complete in May
- 02/03/2010 European Nickel and Rusina Mining complete due diligence on merger
- 30/01/2010 Rusina Mining has A$4.95 mln in cash as at Dec 31 2009
- 13/01/2010 Rusina Mining in discussions to resume shipments of nickel laterite from Philippines
- 11/12/2009 Rusina Mining and European Nickel open Acoje heap-leach trial pad and pilot plant in the Philippines
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Company Statement:
Rusina Mining N.L. is an active mining exploration company that is focused on the emerging Philippine mining sector. The Company has defined a JORC compliant resource estimate for nickel laterites at its Acoje tenement on the island of Luzon and will commence mining operations in the second half of 2007. The Acoje property also hosts chromite, nickel sulphides and platinum group metals. Rusina is listed on the Australian Stock Exchange, code RML and the London Stock Exchange (AIM) code RMLA.
Current Operations:
Acoje Project - Philippines
The Acoje mine was one of the world's largest metallurgical chromite suppliers producing over 3.3 million tonnes of chromium concentrate from 1935 to 1991. Early in the mines history distinctive black dunite horizons were located several hundred metres east of the extensive and thick chromite zones. Sampling confirmed that the black dunite contained appreciable quantities of nickel sulphides, PGMs (platinum, palladium, rhodium, ruthenium, osmium and iridium), copper, gold, cobalt and chromite. High nickel prices in the late 1960's prompted surface and underground exploration, mine development and the establishment of a sulphide concentrate plant. Mining took place from 1971 to 1975 with nickel concentrate, containing platinum and palladium (Pt+Pd), sold to Japan for smelting.
For more information on the Abogado Project please click here
Abogado Project - Philippines
The Abogado Project was previously explored by Phelps Dodge for porphyry copper and gold from 1998 to 2000 after which they withdrew from the Philippines for various reasons. The property became available for filing in late 2006, in which Rusina successfully pegged this property.
Abogado Tenement Map
For more information on the Abogado Project please click here
Sodaco Project – Philippines
On May 9th 2007, the Company announced that it had entered an agreement with DMCI Holdings Inc that amongst others, stated that DMCI (60%) and Rusina (40%) were to form a Mining Joint Venture Company where all Rusina’s and DMCI’s non Zambales properties would be vended into the yet to be formed subsidiary. These properties include Rusina’s Abogado properties EXPA-00068-XII and EXPA-00074-XII and DMCI’s Mineral Production Sharing Agreement (MPSA) MPSA-000166-XII in Sultan Kudarat (Figure2) and the Sodaco Agricultural Corporation, a fully owned subsidiary of DMCI, MPSA application APSA-00008-XI located at South Cotabato.
Sodaco Tenement Map
For more information on the Sodaco Project please click here
Management
Robert Gordon Gregory
Chief Executive Officer/Managing Director
Robert Gregory is a Mining Engineer with extensive mine development and operational experience in South East Asia and Australia, both in open pit and underground mines.
Mr Gregory includes that of Vice President-Mine development for Climax Minings Didipio Project in the Philippines from 1996 to 2000. Previous to that Mr Gregory was responsible for the construction of the Tanjianshan Gold Project in Western China.
Gordon Theodore Hothersall Getley
Non-Executive Director/Chairperson
Mr Getley has over 30 years experience in corporate governance in his own corporation and is currently a director of a number of private trading companies.
Philip Nicholas Fillis
Non-Executive Director
Mr Fillis has over 30 years experience in the exploration and mining industry. Following graduation from the University of London with a B.Sc in 1972 and from the University of Leicester with an M.Sc in 1974, Mr Fillis spent the first 15 years of his career with major corporations (Seltrust, US Steel Corp, Esso Minerals).
Since 1986, as an Independent Consultant, Mr Fillis has undertaken many on-site exploration or mining project reviews and technical audits, and taken part in several feasibility studies. Commodities studied include gold, base metals, iron ore and uranium. Geographical areas covered comprise the Australasia - Pacific region, southeast Asia, China, Europe, West & South Africa, Brazil, Central Asia and Russia.
Mr Fillis is a director and Principal Geologist of DevMin Pty Ltd an independent mining consulting group based in Perth, Western Australia.
Antony Rex Butler
Non-Executive Director
Tony Butler is British. After graduating from Oxford University and qualifying as an FCA with Arthur Andersen in London, his career experience spans 35 years in banking, executive management, strategy consulting and non-executive directorships.
Timothy Marcus Stephen (Mark) Hanlon
Chief Financial Officer & Company Secretary
(Appointed 26 September 2006)
Mr Hanlon spent 10 years in commercial and merchant banking with Partnership Pacific Ltd, Westpac and the Bank of New Zealand before entering commerce in 1994. He has a broad background of senior executive experience across a wide range of industries including mining services, electricity distribution, electronics contract manufacturing, packaging and insurance.
For more information on Rusina Mining's Mangement, please click here
Major Shareholders
Find below the percentage of AIM securities that is not in public hands together with the percentage of its significant shareholders as required for AIM rule 26
Name of Substantial Holder Number of Shares Percentage Interest Date Notification Received
Vladimir Nikolaenko 14,367,636 8.65% 6 December 2006
City Natural Resources High
Yield Trust 15,000,000 8.04% 13 July 2007
HSBC Custody Nominees (Australia)
Limited 11,259,947 6.76% 12 April 2007
Contact Information
Head Office
Level 1, 83 Havelock Street,
West Perth WA 6005
Telephone: +61 8 9226 1111
Facsimile: +61 8 9226 1011
E-mail: rusinaadmin@rusina.com.au
Philippines Regional Office
Fil-Asian Strategic Resources & Properties Corporation
4th Floor, Pilgrim Building,
111 Aguirre Street, Legaspi Village,
Makati City, Manila
Philippines 1229
Telephone: +63 2 815 1656
Facsimile: +63 2 815 1655
Corporate Information
Share Registry
Computershare Investor Services Pty Limited
Level 2, Reserve Bank Building
45 St George’s Terrace, Perth WA 6000
GPO Box D182, Perth WA 6840
Telephone: 1300 557 010 (within Australia)
+61 8 9415 4000 (outside Australia)
Facsimile: +61 8 9323 2033
Auditors
KPMG
152 -158 St Georges Terracece
Perth WA 6000
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