30th Oct 2008 14:28
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Press Release |
30th October 2008 |
Aricom plc
("Aricom")
Share price movement
Aricom (LSE: ORE, OREW), the Anglo-Russian developer of mineral resources, notes the movement in its share price today and the announcement yesterday that the Russian and Chinese authorities have reached agreement on a proposal for the construction of the first railway bridge between the countries. Aricom expects that if the bridge is constructed, it is likely to result in a saving of approximately US$4.0 per tonne of iron ore in transport costs. Aricom is also currently considering whether or not to tender for the contract to construct the bridge.
For further information:
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Aricom plc |
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Charlie Gordon, Investor Relations Officer |
Tel: +44 (0) 20 7201 8939 |
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www.aricom.plc.uk |
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Abchurch |
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Charlie Jack/ George Parker |
Tel: +44 (0) 20 7398 7700 |
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