2013-09-16 10:17:02 -
International Mining & Infrastructure Corporation plc (AIM: IMIC), the company focused on unlocking the value of African iron ore through infrastructure development and strategic investments in junior miners, announces that IMIC and its strategic partner, AIOG, have appointed Wonderful Sky Financial Group ("WSFG") as the regional public relations consultant for Hong Kong, Mainland China and South East Asia.
WSFG has been engaged to raise the profile of IMIC and AIOG's strategic partnership to the investment community in the Asian market, with the aim of increasing awareness and furthering opportunities in the region. WSFG will also be responsible for targeting potential investors and organising the Asian investment activities to enable the expansion of IMIC's equity base to include Asian investors.
WSFG is a
top, Hong Kong based financial communications agency which provides integrated public relations and investor relations services. As a leading financial PR enterprise, WSFG has worked with major Chinese companies including China Machinery Engineering Corporation, one of the world's largest international engineering contractor, Inner Mongolia Yitai Coal, China's largest coal enterprise and Chinalco Mining Corporation International, Chinalco's core overseas platform. WSFG was listed on the Main Board of the Hong Kong Stock Exchange on 30 March 2012.
Haresh Kanabar, Chairman of International Mining & Infrastructure Corporation, said: "Hong Kong, Mainland China and South East Asia is an area of great importance to IMIC and AIOG. We look forward to working with Wonderful Sky Financial Group whose extensive knowledge of Asian financial community will facilitate building IMIC's relationships with Hong Kong investors and open the door to the Asian market"
International Mining Infrastructure Corporation plc (IMIC), in conjunction with its privately held strategic partner African Iron Ore Group (AIOG), is working to unlock value in the metals and mining industry in West and Central Africa by providing infrastructure solutions, for railways, deep-water ports, power and/or iron ore beneficiation, that will allow the region's emerging iron ore projects to develop into globally significant export operations.
IMIC and AIOG are well positioned to partner African host countries in the delivery of infrastructure arrangements, and to assist with initiatives that best address the long-term aspirations of their governments and people.
China, as consumer of 70% of the world's seaborne iron ore, is key to this opportunity. A best inbreed alliance of Chinese construction and equipment groups and iron ore off-takers has been carefully assembled to provide funding and delivery of projects and onward sale of iron ore.
AIOG's major infrastructure project, in partnership with IMIC, is the Simandou South iron ore project in the Republic of Guinea, where there is an agreement with the Guinean government to deliver a multi-purpose, multi-user infrastructure solution which ultimately could become the backbone of the country's transport network.
IMIC also takes strategic stakes in junior miners with the intention of benefiting from the uplift in value once an infrastructure solution is initiated. IMIC's first strategic investment was the purchase of a 3.9% stake in Afferro Mining Inc. (Afferro), followed by subsequent share purchases, increasing IMIC's holding to 19.989%. In April 2013, IMIC announced it had made an approach to acquire the entire share capital of Afferro, whose most advanced asset, Nkout, and other projects are located in Cameroon. Afferro's Board of Directors has recommended the acceptance of IMIC's offer.
IMIC shares are traded on the London Stock Exchange's AIM market under the ticker symbol IMIC.
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