Executive Summary
Aricom develops mineral assets in Russia's far east, with a focus on ilmenite and iron ore for the high growth markets of China. Aricom owns, or has the right to acquire, interests in five projects in the Far East of Russia and China – the Kuranakh and Bolshoi Seym iron ore and ilmenite deposits in the Amur Region, Garinskoye, K & S iron ore deposits in the Evreyskaya Avtonomnaya Oblast (EAO) and the potential Titanium Sponge Plant in North East China. The company is headquartered in London, with a board of directors composed of UK and Russian citizens. The key shareholders are Mr. Peter Hambro and Dr. Pavel Maslovskiy, the founders of Peter Hambro Mining plc, and large institutional investors.
Company History
- Aricom was formed in late 2003 in order to develop the Kuranakh ilmenite and titanomagnetite deposit, situated in the north west of the Amur Region, in Russia’s Far East. This deposit was acquired in December 2003 from Peter Hambro Mining plc, the gold mining company.
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