Amur Minerals CEO still very optimistic on Russian licence

Robin Young, chief executive of Amur Minerals (LON:AMC), says the company is still very optimistic it will get the licence to begin drilling at the Kun-Manie nickel project in the far east of Russia. The company has mapped out a programme of up to 6,000 metres of drilling while it waits on the final approval from the authorities. On the current economic situation in Russia, Young said: ‘One of the advantages is the devaluation of the Russian Rouble, which has strengthened our position financially. So our costs have actually dropped 50% in Russia.’