Mining Investments Resources plc focuses on the acquisition of direct and indirect interests in exploration and producing projects and assets in the natural resources sector primarily in Russia. It has a strategic alliance agreement with Artel Vostok to enter into the Nemui exploration project. The company was formerly known as Lagan Capital plc and changed its name to Mining Investments Resources plc in October 2012. Mining Investments Resources plc was incorporated in 1999 and is based in London, the United Kingdom.
London, SE1 9QR
Founded in 1999
Mining Investments Resources plc Provides Primorsky Silver Project Update
Jun 6 14
Mining Investments Resources plc announced that it has completed the programme of drilling the tailings at the Taezhny Mine and that the samples have arrived at SGS Minerals Services geochemical laboratory in Chita, Southern Russia, for analysis and metallurgical testing. The samples were taken from 21 drill holes sampled at metre intervals down to a depth of 25 metres. The objective of the testing programme is to confirm the grade and volume of tailings and to determine the recovery factor of reprocessing the tailings through a gravity circuit and/or additional flotation. The scope of the testing and sampling of the tailings was expanded from the initial programme based on advice from MIR's technical consultants, Saint Barbara LLP, in order to enable MIR to present the optimum investment case for the financing of its entry into the project. The revised scope of the testing work and logistical issues in transporting the samples to the laboratory have caused a delay to the start of the testing. It is anticipated that results from the initial testing of the tailings grade and the determination of the recovery factor will be available in approximately one month. The results of these initial tests should be sufficient for the Company to determine whether to proceed with the transaction.
Mining Investments Resources plc Announces Unaudited Consolidated Earnings Results for the Six Months Ended December 31, 2013
Mar 31 14
Mining Investments Resources plc announced unaudited consolidated earnings results for the six months ended December 31, 2013. For the six months, the company reported total revenue of GBP 3,000 against GBP 81,000 a year ago. Operating loss was GBP 232,000 against GBP 67,000 a year ago. Pre tax loss for the period was GBP 232,000 against GBP 67,000 a year ago. Net loss for the period was GBP 232,000 against GBP 67,000 a year ago. Total comprehensive loss for the period was GBP 276,000 against GBP 50,000 a year ago. Basic and diluted loss per share was 0.19 pence against 0.12 pence a year ago. Net cash used in operating activities was GBP 224,000 compared to GBP 153,000 reported a year ago.