Oriel Resources plc is a London-based AIM (London Stock Exchange) and TSX (Toronto Stock Exchange) listed chrome and nickel mining and processing company.
Oriel plans to have its newly-acquired Tikhvin ferrochrome smelter near St Petersburgh, Russia, operational during Q1 2007, while simultaneously working to attaining first production at its Voskhod chrome project, Kazakhstan during Q1 2008. Management is also further developing its Shevchenko nickel project, also in Kazakhstan.
• Multi-national experienced management team
• Oriel is well funded with a strong cash reserve position
• Low cost, long life assets in nickel and chrome
• Unique position as resource producer located in Kazakhstan, with access to markets in Russia and China
Oriel Resources Plc (“Oriel” or “The Company” or “The Group”) is a London-based chrome and nickel mining and processing company which listed on the Alternative Investment Market (AIM:ORI) of the London Stock Exchange in March 2004 and the Toronto Stock Exchange (TSX:ORL) in February 2005.
Formed by Dr Sergey V Kurzin as Executive Chairman in July 2003, Oriel’s primary focus is the identification, acquisition, exploration and development of advanced and high quality chrome, nickel and other alloying commodities in the countries of the Former Soviet Union (FSU) including Kazakhstan and the Russian Federation.
Through its multi-national experienced management team, Oriel is aggressively progressing its three main assets (Voskhod chrome project, Tikhvin ferrochrome smelter and the Shevchenko nickel project) into production creating sustainable company growth and maximising shareholder value. In addition to being well-funded with strong cash reserves, both projects are ideally situated to supply the stainless steel market in Asia and Europe for at least the next 25 years.
Oriel will be one of the first new producers to benefit from high metal prices. Initial studies on Oriel’s 100% owned Voskhod chrome and 90% owned (10% Muzbel) Shevchenko nickel deposits indicate both will be among the lowest cost mining operations in the world - they will provide quick payback and high margin and long-term cash flow for the company.