Amur Minerals Corporation has signed a non-binding letter of intent with IG Copper LLC to investigate potential synergies in processing the companies' respective sulphide concentrates.
Amur plans to create a concentrate treatment facility adjacent the Baikal-Amur Magistral railway (BAM) to exploit existing transport routes and available hydropower in the region.
Amur's Kun-Manie project will likely yield a single concentrate from its nickel-copper sulphide ores for smelting into a saleable Low Grade Matte.
IGC is in a joint venture with US based Freeport McMoran and controls the Malmyzh copper gold deposit in Khabarovsk Krai, Far East Russia.
The JV has recently obtained a production licence for the mining rights to the Malmyzh deposit, The Amur River and the Russian rail system provide ready access to this project.
Both Amur and IGC are working closely with the Russian Far East and Baikal Region Development Fund.
FEDF is dedicated to the development of large scale projects in the Far East to upgrade the social, economic and infrastructural sectors of this vast region.
At 8:49am: (LON:AMC) Amur Minerals Corporation share price was +0.58p at 3.75p