Amur Minerals Corporation

Amur Minerals Corporation (AMC) is a rapidly-growing mineral resource exploration and development company focused on base metal projects located in the far east of Russia. The Company has three properties in the region with its principal asset being the Kun-Manie sulphide nickel, copper project located in Amur Oblast. With a JORC compliant resource of over a quarter of a million tons of contained nickel, Kun-Manie is one of the five largest new nickel sulphide discoveries since Voiseys Bay.

Minmetals may use OZ as takeover vehicle
March 6, 2009 - 8:04PM .

Chinese state-owned resource group Minmetals Non-ferrous Metals Company Ltd (Minmetals) plans to use its proposed takeover target, OZ Minerals Ltd, as a platform to consolidate other overseas assets, news reports say.

Minmetals chairman Zhou Zhongshu was reported on Friday to have said he hoped the Chinese entity would obtain Australian regulatory approval for its $2.6 billion bid for OZ Minerals.

OZ Minerals is Australia's third largest diversified miner.

Mr Zhou said the deal was a "win-win" and that he planned to retain the debt-laden miner's current management.

He was reported to have submitted to China's national parliament that the Asian superpower should use some of its foreign exchange reserves to set up a fund to buy overseas mineral resources.

Mr Zhou said demand and prices for minerals were forecast to remain depressed for the next year or two, providing China with low-cost acquisition opportunities.

http://news.smh.com.au/breaking-news-business/minmetals-may-use-oz-as-takeover-vehicle-20090306-8r8g.html

Tim LeeMaster Jan 29, 2009 ... Separately, London-listed Amur Minerals Corp, which has copper and nickel assets in the far east of Russia, also could be a ...

http://www.google.co.uk/search?hl=en&q=Tim+Leemaster+%2B+Amur+Minerals&meta=

Have to subscribe to view the rest of the article. Tim was right about China Minmetals acquiring Oz Minerals in February and China Minmetals again making more noises last week as per articles posted about carrying out even more acquisitions.

China Minmetals president proposes overseas acquisition fund

www.chinaview.cn 2009-03-07 19:52:23

Special Report: Global Financial Crisis

BEIJING, March 7 (Xinhua) -- China should establish a metal mining development fund to help Chinese firms raise capital for investment abroad, according to China Minmetals Corporation president Zhou Zhongshu.

Zhou proposed that the fund can comprise both state and private capital to take advantage of opportunities presented by the current falling market prices and the steady value of the yuan.

Zhou said at a press briefing Friday that it is the right time for Chinese mining companies to consider overseas expansion.

http://news.xinhuanet.com/english/2009-03/07/content_10964560.htm

China looks to buy more mining companies
March 9, 2009.

THE president of China Minmetals, Zhou Zhongshu, says he is encouraging the establishment of a Chinese metals and mining development fund to be used to invest in international mining companies.

Minmetals has made a $2.6 billion bid for OZ Minerals that has yet to be approved by the Foreign Investment Review Board.

Xinhua news agency reported that at a media briefing on Friday Mr Zhou said it was the right time for Chinese companies to be expanding overseas in light of falling asset prices and the steady value of the yuan. His company would look to make more acquisitions, he said.

http://business.smh.com.au/business/china-looks-to-buy-more-mining-companies-20090308-8ser.html

This is todays star buy.

Is it just a quick blip up and back again? or is there more to come in your opinion mitzy.

Difficult to say Balerboy I bought in first thing this am it certainly looks cheap now they have been awarded the license.

Up 160% is that correct..?

What an amazing share..

http://moneyam.uk-wire.com/cgi-bin/articles/200904231624410747R.html

200% rise today.

Look at this one gooooooooo!!!!!!

Up another 50% today well done Balerboy.

big retrace at the mo. profit taking i presume

Just seen it no surprise really when it was 2p Friday am.

That turned out to be the most expensive cup of coffee I have ever had!! missed the chance again. Hope for a return tommorow perhaps....

BB, dont feel too bad had the same thing happen to me last week with SEY.
Think this share will go places eventually as has a withdrawal clause built in if Chinese pull out. didn't get in in time this morning and now looking for a good entry point. sub 4p should be a good start. if i can get my timings right

I was already in at .29p could kick myself.

double ouch!!!

Somemore good news :

Amur gets approvals for further exploration
MoneyAM
Amur Minerals Corporation has successfully completed two additional exploration filings related for its Kun-Manie nickel copper sulphide project in the Russian Far East.

The filings and their subsequent approvals are required by Russian Federation authorities to allow the Ccmpany to continue its exploration for nickel while simultaneously pursuing a production decision.
Filings include annual exploration reviews to ensure that Amur has met its exploration obligations according to the terms of the exploration licence.
The final report for the 2008 programme was submitted to Amurnedra, the local licensing agency, along with the appropriate Russian Federation expert opinions.
The report has been approved, confirming that Amur has successfully met its historical exploration commitments for the past five years which was the timeframe allotted for the original exploration licence.
Amur was granted a two year extension on the exploration licence in December 2008 and as part of the approval of the two year extension, a two year exploration programme was submitted by Amur and approved by the authorities.