ABOUT ORIEL RESOURCES PLC

Oriel Resources plc is a London-based and incorporated AIM (London Stock Exchange) and TSX (Toronto Stock Exchange) listed chrome and nickel mining and processing company.

 

The Company's main country of operation is Kazakhstan. Oriel's current mining projects include the Voskhod chrome and the Shevchenko nickel projects, both located in north western Kazakhstan. Interlinked with Voskhod is the vertically-integrated Tikhvin ferrochrome smelting plant in Russia, which commenced production in April 2007 using imported ore and will begin receiving and smelting chrome ore from Voskhod into high carbon ferrochrome (HC FeCr) in mid 2008. Oriel is fast-tracking the Voskhod chrome project into production while further progressing the Shevchenko nickel project.




Voskhod Debt Financing Signing Ceremony, December 2006

 

  • 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

 



Tikhvin Ferrochrome Smelting Plant, Russia
OUR MISSION

Oriel Resources is a London-based chrome and nickel mining and processing company which initially 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.

 

Subsequent to the Reverse Takeover in December 2006, the newly-formed Oriel Resources was re-admitted to both the London and Toronto Stock Exchanges on 7 December 2006.

 

Formed by Dr Sergey V Kurzin as Executive Chairman in July 2003, Oriel’s primary focus is the identification, acquisition 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.


OUR STRATEGY

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, the 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.