(IMIC) Intl Mining & Infrast
Summary
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| 04-05-12 | RNS |
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RNS Number : 7508C Intl Mining & Infrast Corp PLC 04 May 2012 INTERNATIONAL MINING & INFRASTRUCTURE CORPORATION PLC (AIM: IMIC)
Issue of Equity
International Mining and Infrastructure Corporation plc ("IMIC" or "the Company") announces that it has issued and allotted 496,399 new ordinary shares of 0.2 pence each ("Ordinary Shares") to African Iron Ore Group Limited ("AIOG") to satisfy the 10% shareholding swap agreed as part of the Relationship Agreement the parties signed on 2 April 2012. IMIC, in turn, has also been issued with 10% of the issued share capital of AIOG.
Application has been made for the 496,399 new Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place on or about 8.00 a.m. on 8 May 2012 ("Admission").Following Admission, AIOG will hold 496,399 Ordinary Shares representing approximately 10.0%.
In accordance with the Disclosure and Transparency Rules (DTR 5.6.1R) the Company hereby notifies the market that immediately following Admission its issued share capital will consist of 4,963,988 Ordinary Shares. The Company does not hold any shares in treasury. Shareholders may use these figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 24-04-12 | RNS |
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RNS Number : 8914B Intl Mining & Infrast Corp PLC 24 April 2012
INTERNATIONAL MINING & INFRASTRUCTURE CORPORATION PLC (AIM: IMIC)
IMIC's Strategic Partner AIOG Signs Agreement with China Huaye Group Co. Ltd
International Mining and Infrastructure Corporation plc ("IMIC" or "the Company") (AIM: IMIC) notes today's announcement by its strategic partner African Iron Ore Group Limited ("AIOG") regarding its Memorandum of Understanding with China Huaye Group Co. Ltd ("MCC Huaye") to provide infrastructure solutions in Guinea and Africa.
The AIOG announcement is repeated below in full.
MCC Huaye Joins AIOG's Infrastructure Consortium
24 April 2012 - Beijing, Geneva and London: African Iron Ore Group Limited ("AIOG" or the "Company") is pleased to announce it has signed a Memorandum of Understanding ("MoU") with China Huaye Group Co. Ltd. (MCC Huaye), a wholly owned subsidiary of Metallurgical Corporation of China Limited ("MCC"). MCC is the biggest metallurgical projects contractor (including mine construction) in China, and MCC Huaye is the major mine projects contractor among MCC's subsidiaries, specialised in mine construction. It has extensive experience and capabilities in the field of metallurgical mine's design, construction and production.
Under the terms of the MoU, MCC Huaye has been appointed as one of the "best in breed" Chinese consortium members AIOG is assembling in conjunction with China Railway Group (as announced on 19 April 2012) to provide infrastructure solutions for Central and West African iron ore projects. MCC Huaye will provide mine construction expertise to the consortium, particularly in respect of processing plant construction. With the critical need for beneficiation in most of the larger African mines, its expertise will be an important resource to unlock large production.
While the immediate focus will be the Simandou South iron ore mining and related infrastructure project, the strategic partnership announced today will in time, and as appropriate, take in the full range of AIOG African iron ore projects under negotiation as and when they are brought under contract.
MCC Huaye has acknowledged the importance to provide structured financial support to the infrastructure projects, and has agreed to provide this financial support through the use of deferred payments.
Ethelbert Cooper, Founder and Chairman of AIOG, said "We are delighted to further strengthen our "best in breed" Chinese infrastructure consortium with the addition of MCC Huaye, China's most important metallurgical mine construction company. We believe its extensive beneficiation expertise, as demonstrated in China and in other parts of the world, will be a powerful contribution to the consortium."
Mr Kong Fanjun, Vice President of MCC Huaye, also said that "MCC Huaye is delighted with its involvement in AIOG's visionary strategy for the development of iron ore infrastructure in Central and West Africa, which will facilitate the mining of iron ore in the region and thereby have beneficial impact on world markets for iron ore and steel, while opening the floodgates of economic prosperity in Africa."
It is the parties' intention to convert the MOU into a fully binding agreement in 2012, as soon as their first African mining project for joint collaboration is formally signed up.
End.
Note to Editors: African Iron Ore Group Limited seeks to unlock the value of West and Central Africa's plentiful mineral resources, primarily iron ore, through the provision of coordinated infrastructure solutions that will enable these resources to be developed into commercial operations.
Metallurgical Corporation of China Limited ("MCC") is China's leading metallurgical and mining company with extensive experience and capabilities in the design and construction of metallurgical and mining facilities. It ranks 297 among the 2011 Fortune Top 500 Enterprises. MCC is listed in Shanghai and in Hong Kong with a market capitalization of RMB 48.7Bn (~US$7.7 billion). In 2011 MCC won 286.7 billion yuan (~US $45.5 billion) in new contracts, 19.3 billion yuan (~US$2.986 billion) of which were overseas deals.
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 23-04-12 | RNS |
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RNS Number : 8363B Intl Mining & Infrast Corp PLC 23 April 2012 INTERNATIONAL MINING & INFRASTRUCTURE CORPORATION PLC (AIM: IMIC)
IMIC's Strategic Partner AIOG Signs Agreement with China Machinery Engineering Corporation
International Mining and Infrastructure Corporation plc ("IMIC" or "the Company") (AIM: IMIC) notes today's announcement by its strategic partner African Iron Ore Group Limited ("AIOG") regarding its Memorandum of Understanding with China Machinery Engineering Corporation ("CMEC") to provide infrastructure solutions in Guinea and Africa.
The AIOG announcement is repeated below in full.
China Machinery Engineering Corporation Joins AIOG's Infrastructure Consortium
23 April 2012 - Beijing, Geneva and London: African Iron Ore Group Limited ("AIOG" or the "Company") is pleased to announce it has signed a Memorandum of Understanding ("MoU") with China Machinery Engineering Corporation ("CMEC").
CMEC is China's leading power plant infrastructure exporter with extensive expertise in the design and construction of power generation and distribution infrastructure facilities and capabilities.
Under the terms of the MoU, CMEC has been appointed to join the "best in breed" Chinese consortium members AIOG is assembling in conjunction with China Railway Group (as announced on 19 April 2012) to provide infrastructure solutions for Central and West African iron ore projects. CMEC will provide the power components of the infrastructure solutions for AIOG projects. CMEC have also agreed to provide structured financial support to the infrastructure projects, through the use of deferred payment and other appropriate financing structures in association with the other consortium members.
While the immediate focus will be the Simandou South iron ore mining and related infrastructure project, the strategic partnership announced today will in time, and as appropriate, take in the full range of AIOG African iron ore projects under negotiation as and when they are brought under contract.
Ethelbert Cooper, Founder and Chairman of AIOG, said "We are delighted to announce this partnership with CMEC, one of the leading power plant infrastructure companies in the world. Long-term, sustainable power supply will be critical to providing successful infrastructure solutions and we believe CMEC, with its extensive capabilities, is best placed to deliver this".
Mr Zhang Chun, President of CMEC, also said "It is our pleasure to be AIOG's strategic power solutions contract partner in this important African mission to unlock iron ore exports. CMEC has adequate financial and technical capabilities for this purpose and strong confidence in undertaking large power plant projects in Africa. We are therefore ready to cooperate comprehensively with AIOG in the development of power solutions that will make iron ore export programmes a reality in the several African countries AIOG is targeting in its plan".
It is the parties' intention to convert the MoU into a fully binding agreement in 2012, as soon as their first African mining project for joint collaboration is formally signed up.
End.
Note to Editors: African Iron Ore Group Limited seeks to unlock the value of West and Central Africa's plentiful mineral resources, primarily iron ore, through the provision of coordinated infrastructure solutions that will enable these resources to be developed into commercial operations.
China Machinery Engineering Corporation ("CMEC") is a large global conglomerate. Its business spans over 120 countries in five continents worldwide. Founded in 1978, CMEC ranks No.1 in China in the construction of power stations worldwide and in projects of power transmission and transformation, with remarkable achievements in the construction of large industrial projects and export of complete plants.
CMEC ranked 3rd among China's top fifty enterprises listed by the Ministry of Commerce of China in terms of the business turnover completed in foreign engineering contracting in 2008. It has been rated by "ENR" as one of the 225 largest international engineering contractors for several years.
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 19-04-12 | RNS |
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RNS Number : 6261B Intl Mining & Infrast Corp PLC 19 April 2012
IMIC's Strategic Partner AIOG Signs
International Mining and Infrastructure Corporation plc ("IMIC" or "the Company") (AIM: IMIC) notes today's announcement by its strategic partner African Iron Ore Group Limited ("AIOG") regarding its cooperation agreement with China Railway Group Limited ("CREC") to provide infrastructure solutions in Guinea and Africa.
Commenting on AIOG's announcement, Haresh Kanabar, Chairman of IMIC, said "The partnering between AIOG and the world's third largest civil construction enterprise CREC is an important step in the formation of an A-list consortium to provide the critically needed infrastructure solutions to the emerging African iron ore sector. The provision of appropriate structured financial support to the infrastructure projects underlines their commitment to the partnership."
The AIOG announcement is repeated below in full.
AIOG Partners with China Railway Group to Provide Infrastructure Solutions
19 April 2012 - Beijing, Geneva and London: African Iron Ore Group Limited ("AIOG" or the "Company") is pleased to announce it has signed a binding Cooperation Agreement (the "Agreement") with China Railway Group Limited ("CREC"), a leading Chinese State Owned Enterprise infrastructure company with extensive rail and port capabilities.
Under the terms of the Agreement, CREC is appointed as AIOG's principal infrastructure partner in the development of AIOG's strategy to unlock iron ore deposits in West and Central Africa. The partnership will focus on the provision of customised infrastructure solutions in collaboration with African governments and/or other bilateral iron ore mining projects. While the immediate focus will be the Simandou South iron ore mining and related infrastructure project, the strategic partnership announced today will in time, and as appropriate, take in the full range of AIOG African iron ore projects under negotiation as and when they are brought under contract.
CREC have agreed to provide appropriate structured financial support to the infrastructure projects, through the use of deferred payment and other appropriate financing structures. CREC will itself focus its fullest attention on the key delivery of the principal rail and port solutions at the heart of unlocking iron ore mining potential in Africa.
AIOG will work strategically with CREC in assembling a consortium of "best in breed" Chinese infrastructure companies to support the successful execution of the infrastructure requirements of AIOG projects, including but not limited to mobilising Chinese collaborators in other relevant centres of expertise in the power sector, mine development, such as beneficiation, and in facilitating long-term Chinese iron ore offtake commitments.
"We are delighted to announce this important partnership with CREC, one of the largest international infrastructure companies. CREC has a significant amount of expertise in constructing large infrastructure projects in China and around the world, and we are pleased that the partnership established also involves a significant measure of structured financial assistance to the AIOG programme, beyond the obvious construction skill-sets CREC can provide.
The emerging Central and West African iron ore sector has tremendous potential to compete on the global stage, however this is currently being hampered by the lack of infrastructure. We believe we can accelerate the development of this sector by harnessing AIOG's regional expertise with Chinese infrastructure skills, in partnership with African governments and other bilateral iron ore mining projects, for the benefit of all stakeholders." said Ethelbert Cooper, Founder and Chairman of AIOG.
Mr Hu, CREC Vice President and appointed "champion" overseeing the AIOG relationship at CREC said he wished to "express his satisfaction at the opportunity to work in a potentially growing business in the African iron ore sector in partnership with AIOG, an African company which has a well structured plan to develop the substantially dormant African iron ore resource sector by delivering infrastructure solutions in collaboration with CREC. This will unlock the major potential to provide significant iron ore exports from Africa to the Chinese market."
End.
Note to Editors: African Iron Ore Group Limited seeks to unlock the value of West and Central Africa's plentiful mineral resources, primarily iron ore, through the provision of coordinated infrastructure solutions that will enable these resources to be developed into commercial operations.
China Railway Group is the third largest civil construction enterprise in the world and the largest Asian and Chinese railway, road and tunnel construction contractor. It has a leading position in China's construction market and participates in many large-scale infrastructure projects overseas, particularly in Southeast Asian and African countries.
CREC is currently ranked at 95 (2011) in the Fortune 500 World's largest Enterprises. CREC has constructed, rebuilt or extended approximately two thirds of China's operating railway lines (+/- 100,000 km) and around 90% of China's electrified railway lines. CREC is listed in Shanghai and Hong Kong and its quoted element has a market capitalisation in excess of RMB50 billion (~US$8 billion).
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 25-01-12 | ||||
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I cannot trade this stock since consolidation anyboby know how long before this is fixed on III TRADE PLATFORM seems everthing they do takes forever even getting a divi paid in takes up to two weeks.
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| 05-12-11 |
Buy
Interesting
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Low cap and it looks as though this could become an interesting development.
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| 01-12-11 | ||||
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Any thoughts on the recent appointments?
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| 30-11-11 | ||||
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Low M/C - has a decent amount of cash and now potential. Interesting for once.
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They have not been approved or issued by Interactive Investor Trading Limited.
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