Amur Minerals Corporation (AIM: AMC), the nickel-copper sulphide exploration and resource development company focused on the far east of Russia, is pleased to provide an update on the status of its Kun-Manie nickel-copper sulphide project.
The Company reports that the Russian government has approved a draft law exempting greenfield projects from the profit tax for a period of five years, and reducing it to 10% for the following five years. It will go to the State Duma for final revision and approval in the near future. This is an integral part of the government’s plan to assist in the development of the Russian Far East and to stimulate investment within the region. Key considerations and highlights follow:
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