ORE Orogen

    RNS Number : 0662H
  Aricom PLC
  30 October 2008
   



 Press Release      30th October2008

    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: 
 Aricom plc
 Charlie Gordon, Investor Relations Officer  Tel: +44 (0) 20 7201 8939
                                                     www.aricom.plc.uk
 Abchurch
 Charlie Jack/ George Parker                 Tel: +44 (0) 20 7398 7700



This information is provided by RNS
The company news service from the London Stock Exchange
 
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