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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Nikanor | LSE:NKR | London | Ordinary Share | GB00B182MG48 | ORD USD3.58829097070927 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 410.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:6644A Nikanor Plc 23 July 2007 NIKANOR PLACES $130 MILLION MINE FLEET ORDER AIM listed Nikanor PLC (LSE: NKR) announces the placement of a major $130 million order for the supply of mining equipment and support vehicles to its world class copper and cobalt mining operations based in the Democratic Republic of Congo (DRC). The order has been placed with Congo Equipment, the Caterpillar dealer in Katanga, and covers primary mining equipment including face shovels and haul trucks as well as support vehicles for the KOV mine. Caterpillar and O&K will supply the equipment, with the first haul trucks and shovels to be delivered in mid-2008. In total, the order constitutes 53 pieces of equipment. Jonathan Leslie, Executive Chairman of Nikanor, commented: "Our project in the DRC is gathering momentum and this mine fleet order represents an important step towards the startup of the KOV mine in 2009. We are pleased to be working with Congo Equipment which is a joint venture between Tractafric and Barloworld Equipment, both of whom have a long history of successful operation in Africa." For further information, please contact: Nikanor PLC +44 (0)20 7529 5800 Richard Boorman, Head of Investor Relations Citigate Dewe Rogerson +44 (0)20 7638 9571 Kate Delahunty George Cazenove JPMorgan Cazenove +44 (0)20 7588 2828 Robert Stafler Notes to Editors Nikanor is a mining group which owns assets in the heart of the African copperbelt in the Democratic Republic of Congo. The group's key mine is KOV, containing one of the world's largest high quality copper and cobalt ore bodies. Nikanor is rehabilitating this proven and well documented brownfield site and building a major state of the art refining plant to produce 250,000 tonnes per year of LME A-grade copper cathode and 27,500 tonnes per year of cobalt products. Nikanor was admitted to the London Stock Exchange (AIM) on 17 July 2006. This information is provided by RNS The company news service from the London Stock Exchange END MSCDGGZNVFZGNZG
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