LONDON (ShareCast) - Mineral exploration group Amur Minerals said it had completed the payment for the conversion of the licence of its Kun-Manie project.
Through its subsidiary ZAO Kun-Manie, the group made a payment of 23.6m ruble to cover the assignment of production rights for all recoverable metal at the project in the far east of Russia, as part of its 20-year licence.

"We are moving on to the next phase of evaluating Kun-Manie by infill drilling and initiation of the metallurgical test work," said group chief executive Robin Young.

Amur Minerals shares were up 9.28% to 26.50p at 10:10 on Thursday.

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