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Upbeat Amur reduces red ink in 2016

AIM-listed Amur Minerals nearly halved post-tax losses in the year to end-April 2016 from US$1.4 million to $760,000 with chairman Robert Schafer saying the junior was now “squarely focused” on its definitive feasibility study, expected to be completed by the end of 2017.

Upbeat Amur reduces red ink in 2016 Upbeat Amur reduces red ink in 2016 Upbeat Amur reduces red ink in 2016 Upbeat Amur reduces red ink in 2016 Upbeat Amur reduces red ink in 2016

Mining in Russia's Far East: Amur has ambitions to be a big player

The highlight of the year was the approval of the company's exploration and production licence at Kun-Manie, said to be one of the largest nickel deposits in the world.

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