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Amur signs up Russian logistics and supply chain expert to help with development of Kun-Manie

Logistics will be key to the economic viability of Kun-Manie

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Amur has one of the world's last remaining nickel sulphide deposits under development

Amur Minerals Corporation (LON:AMC) has entered into a Memorandum of Cooperation with GEFCO LLC, a global expert in supply-chain solutions with a strong presence in Russia, and is 75% owned by JSC Russian Railways.

This MOC will address Amur’s rail and shipping transport requirements for the construction of the Kun-Manie nickel project in Russia’s far east.

WATCH: Amur Minerals highlight s significant increase in underlying earnings for Kun-Manie

It will encompass operational supply support and saleable product delivery to the Asian markets of China, Japan and Korea foremost among international opportunities.

"The transport and logistical requirements for Kun-Manie are multifaceted, covering three key considerations of project construction, mine operation and sale of the product,” said Robin Young, Amur’s chief executive.

“Discussions have been on-going between Amur and GEFCO representatives on these considerations and the MOC represents the start of the next stage, namely, developing definitive transport and logistics solutions. It is also very important, given the complexity of global transport and logistics, that we have GEFCO providing advisory assistance in our discussions with other parties.”

 

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Price: 1.955 GBX

LSE:AMC
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Market Cap: £14.64 m
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Watch

Amur Minerals highlights significant increase in underlying earnings for...

Robin Young, chief executive at Amur Minerals Corporation (LON:AMC), discusses with Proactive's Andrew Scott an increase in the projected global underlying earnings (EBITDA) assessment of the mining potential at the Kun-Manie nickel copper sulphide project. The projected EBITDA has...

on 16/4/18

2 min read