History :: Oriel Resources Plc

History

Oriel Resources was incorporated in July 2003 with Dr Sergey V. Kurzin as Executive Chairman and CEO, with a primary focus on the acquisition, exploration and development of advanced and high quality nickel, chrome and gold projects in the countries of the Former Soviet Union (FSU).

The company was admitted to trading on the Alternative Investment Market (AIM:ORI) of the London Stock Exchange in March 2004, raising GBP40.56 million. The admission was at that time the largest funded mining IPO in the history of AIM and provided the company with a solid financial foundation.

Oriel subsequently listed on the Toronto Stock Exchange (TSX:ORL) in February 2005, providing the company with access to the resource-oriented Canadian market and providing for greater liquidity for the Company’s shares.

October 2007 Oriel chooses atmospheric acid leach process to unlock the value of the Shevchenko Nickel Project, Kazakhstan
August 2007 Tikhvin's 2nd HC FeCr furnace commences operations
July 2007 Drawdown of US$40 million from a US$120 million loan facility for the further development of the Voskhod chrome project
July 2007 Voskhod off take signed with Glencore International AG
July 2007 Initial sales of HC FeCr product from Tikhvin
June 2007 Completion of a private placement to raise Ł48,800,000 (approximately C$104 million)
April 2007 First production at the Tikhvin ferrochrome smelter, Russia
March 2007 Oriel awarded the 2006 European Mining Deal of the Year Award from Project Finance Magazine for the Voskhod Chrome project's debt financing deal
December 2006 Oriel's Voskhod chrome project's US$120 million debt financing closed
December 2006 Oriel Resources proceeds with proposed acquisitions to become a ferrochrome producer
July 2006 Oriel enters into two seperate acquisition agreements for the purchase of the Tikhvin Ferro-chrome Smelting Plant in Russia and Croweley International Limited, a shell company with assets of US$100m
July 2006 Oriel confirms the completion of the previously announced transfer and sale of its gold-related assets into Lero Gold Corp. (formally ELE Capital Coporation)
June 2006 Definitive feasibility study for the Voskhod chrome deposit completed with extremely positive results
December 2005 Shevchenko nickel deposit feasibility study completed with positive results
November 2005 Oriel enters into a letter of agreement with ELE Capital Coporation of Canada with the intention of transferring te remaining gold projects to this entity in exchange for 80% of its share capital
June 2005 Oriel sells 14% interest in the Vavarinskoye copper-gold deposit n Kazakhstan for US$7.25m
February 2005 Acquisition of the Voskhod chrome deposit
February 2005 Oriel lists on the Toronto Stock Exchange (TSV: ORL)
September 2004 Oriel announces results of Shevchenko pre-feasibility study
March 2004 Oriel begins trading on AIM

October 2007	Oriel chooses atmospheric acid leach process to unlock the value of the Shevchenko Nickel Project, Kazakhstan
August 2007	Tikhvin's 2nd HC FeCr furnace commences operations
July 2007	Drawdown of US$40 million from a US$120 million loan facility for the further development of the Voskhod chrome project
July 2007	Voskhod off take signed with Glencore International AG
July 2007	Initial sales of HC FeCr product from Tikhvin
June 2007	Completion of a private placement to raise Ł48,800,000 (approximately C$104 million)
April 2007	First production at the Tikhvin ferrochrome smelter, Russia
March 2007	Oriel awarded the 2006 European Mining Deal of the Year Award from Project Finance Magazine for the Voskhod Chrome project's debt financing deal
December 2006	Oriel's Voskhod chrome project's US$120 million debt financing closed
December 2006	Oriel Resources proceeds with proposed acquisitions to become a ferrochrome producer
July 2006	Oriel enters into two seperate acquisition agreements for the purchase of the Tikhvin Ferro-chrome Smelting Plant in Russia and Croweley International Limited, a shell company with assets of US$100m
July 2006	Oriel confirms the completion of the previously announced transfer and sale of its gold-related assets into Lero Gold Corp. (formally ELE Capital Coporation)
June 2006	Definitive feasibility study for the Voskhod chrome deposit completed with extremely positive results
December 2005	Shevchenko nickel deposit feasibility study completed with positive results
November 2005	Oriel enters into a letter of agreement with ELE Capital Coporation of Canada with the intention of transferring te remaining gold projects to this entity in exchange for 80% of its share capital
June 2005	Oriel sells 14% interest in the Vavarinskoye copper-gold deposit n Kazakhstan for US$7.25m
February 2005	Acquisition of the Voskhod chrome deposit
February 2005	Oriel lists on the Toronto Stock Exchange (TSV: ORL)
September 2004	Oriel announces results of Shevchenko pre-feasibility study
March 2004	Oriel begins trading on AIM