TIDMIMIC

RNS Number : 5971B

Intl Mining & Infrast Corp PLC

08 October 2015

8 October 2015

INTERNATIONAL MINING & INFRASTRUCTURE CORPORATION PLC

("IMIC" or the "Company")

Resignation of Nominated Adviser

IMIC has today been informed that Strand Hanson Limited, its nominated adviser, has resigned with immediate effect. Accordingly, pursuant to AIM Rule 1, the Company's ordinary shares will remain suspended from trading on AIM pending the appointment of a replacement nominated adviser. The Company has one month to replace Strand Hanson as nominated adviser, failing which its shares will be de-listed.

For further information, please contact:

 
 International Mining & Infrastructure        www.imicplc.com 
  Corporation plc 
 Ethelbert Cooper, Chairman 
  Haresh Kanabar, Chief Financial             +44 (0) 20 7290 
  Officer                                                3340 
 Pareto Securities Limited - Sole           www.paretosec.com 
  Broker                                      +44 (0) 20 7786 
  Guy Wilkes / Will Slack                                4370 
 Buchanan - Financial PR                  www.buchanan.uk.com 
  Mark Court / Sophie Cowles                  +44 (0) 20 7466 
                                                         5000

About IMIC

IMIC's strategy is, in conjunction with its partner AIOG, working to develop fundable solutions to infrastructure provision for iron ore resources in West and Central Africa. In support IMIC will seek to acquire interests in iron ore projects that would benefit from a specific infrastructure solution. IMIC made its first investment with the Dec 2013 acquisition of Afferro Mining Inc, taking ownership of four iron ore deposits in Cameroon, the most advanced asset being Nkout. IMIC plans to continue to develop its assets, including accelerating the feasibility studies of the smaller Ntem deposit, which is located only 80km from Kribi deep water port.

IMIC's focus will initially be on iron ore opportunities in West and Central Africa. The demand for iron ore is currently being driven by China which consumes approximately 70 per cent. of the world's current annual production. As the urbanization of China continues demand for iron ore is expected to remain at significant levels through to 2030. The iron ore projects currently identified in West and Central Africa have the potential to produce at least 400 million tonnes of iron ore each year. This would establish Africa as a global player, alongside Australia and Brazil, in the iron ore industry.

In order to help deliver its infrastructure solutions, IMIC and AIOG have established strategic partnerships with various Chinese state owned companies. These companies are involved in railway and port construction, power, iron ore beneficiation and iron ore marketing. These relationships are intended to give IMIC and AIOG the ability to work with relevant governments and financial institutions to deliver infrastructure solutions and to guarantee the onward sale of iron ore in China and other emerging world markets.

IMIC shares are traded on the London Stock Exchange's AIM market under the ticker symbol IMIC.

This information is provided by RNS

The company news service from the London Stock Exchange

END

APPPKODPABDDFKK

(END) Dow Jones Newswires

October 08, 2015 02:00 ET (06:00 GMT)

Intl Min&IN Crp (LSE:IMIC)
Gráfico Histórico do Ativo
De Dez 2024 até Jan 2025 Click aqui para mais gráficos Intl Min&IN Crp.
Intl Min&IN Crp (LSE:IMIC)
Gráfico Histórico do Ativo
De Jan 2024 até Jan 2025 Click aqui para mais gráficos Intl Min&IN Crp.