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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Frontier Min | LSE:FML | London | Ordinary Share | KYG368211093 | ORD USD0.01(DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.025 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Aug 2019 to Aug 2024
TIDMFML
RNS Number : 3521N
Frontier Mining Ltd
28 July 2014
FRONTIER MINING LTD
("Frontier" or "the Company")
Regulatory Approval to proceed with sale of Naimanjal
Frontier Mining (AIM: FML), the AIM listed Copper production, exploration and development company focused on Kazakhstan, announces that the Company has now received approval from Ministry of Industry and New Technology of the Republic of Kazakhstan ("RoK") to proceed with the sale of Naimanjal licence area to Union Transnationale Miniere S.A. ("UTM").
As previously announced on 10 March 2014, the Company has agreed to sell its 100% owned subsidiary FML Kazakhstan LLP, owner of the Naimanjal licence area to UTM for a cash consideration of US$30 million.
The Naimanjal licence area is located approximately 200 km West of Semey in North East Kazakhstan, with four commercial discoveries covering 529km(2), including Baitemir, Yubileiny and Beschoku.
All proceeds from the sale are expected to be used for repayment of maturing debt of the Company and financing capital expenditures for the ramp up of copper production at Benkala to maximum levels. A further announcement will be made once completion of the sale has taken place.
-ENDS-
Frontier Mining Ltd Yerlan Minavar Tel: +44 20 7898 9019 Nomad Cairn Financial Advisers LLP Sandy Jamieson Tel: +44 20 7148 7900 Broker RFC Ambrian John Harrison Tel: +44 20 3440 6800 Stefan Murphy PR and IR Walbrook Paul Cornelius Tel: +44 20 7933 8780 Guy McDougall
This information is provided by RNS
The company news service from the London Stock Exchange
END
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