Asiamet Resources Limited (DI) (ARS)

Sector:

Mining

Index:

FTSE AIM All-Share

2.08p
   
  • Change Today:
      0.050p
  • 52 Week High: 3.03
  • 52 Week Low: 1.96
  • Currency: UK Pounds
  • Shares Issued: 1,943.22m
  • Volume: 7,934,171
  • Market Cap: £40.32m

AsiaMet Resources signs engineering MOU for BKM copper project

By Duncan Ferris

Date: Wednesday 21 Aug 2019

LONDON (ShareCast) - (Sharecast News) - AsiaMet Resources has signed a memorandum of understanding with a subsidiary of China Nonferrous Metal Mining for value engineering at its BKM Copper project located in Central Kalimantan, Indonesia.
The subsidiary, China Nonferrous Metal Industry's Foreign Engineering and Construction Co. (China NFC), is currently building the Dairi Zinc Mine in North Sumatra, Indonesia and actively working to expand its presence in the country.

The newly signed agreement will see China NFC undertake a detailed evaluation of the technical and financial aspects of the project and propose a series of solutions with respect to the value engineering and engineering, procurement and construction management components of the proposed mine development.

The AIM-listed company said utilising a China and local Indonesian-Southeast Asian sourcing strategy is expected to lower some of capital cost inputs and enhance overall project economics, while the potential to access China NFC's strong linkages with Chinese capital providers and project and equipment financiers will be explored in detail as part of this engagement.

Executive chairman Tony Manini said: "We are extremely pleased to have the opportunity to work with one of China's leading mining, processing and contracting companies on the next stage of development of the BKM project. Engaging the services of such a highly credentialled Chinese company to provide support for the value engineering phase is expected to enhance the overall economics and executability of the BKM project and provide access to a wider investor network in Asia."

AsiaMet Resources shares were up 5.49% at 3.80p at 1001 BST.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

ARS Market Data

Currency UK Pounds
Share Price 2.08p
Change Today 0.050p
% Change 2.47 %
52 Week High 3.03
52 Week Low 1.96
Volume 7,934,171
Shares Issued 1,943.22m
Market Cap £40.32m

ARS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
55.1% below the market average55.1% below the market average55.1% below the market average55.1% below the market average55.1% below the market average
36.28% below the sector average36.28% below the sector average36.28% below the sector average36.28% below the sector average36.28% below the sector average
Price Trend
46.9% below the market average46.9% below the market average46.9% below the market average46.9% below the market average46.9% below the market average
31.94% below the sector average31.94% below the sector average31.94% below the sector average31.94% below the sector average31.94% below the sector average
Income Not Available
Growth Not Available

ARS Dividends

No dividends found

Trades for 27-May-2022

Time Volume / Share Price
16:20 150,000 @ 2.01p
16:19 100,000 @ 2.03p
15:58 2,164 @ 2.03p
15:00 49,741 @ 2.03p
14:10 287,340 @ 2.09p

Top of Page