Saturday 17th May 2008
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Aricom remains in line

Aricom remains in line

08.05.2008

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Anglo-Russian miner Aricom said the current outlook remains in line with previously stated expectations.

"The financial position of the group at the end of April is not materially changed from that reported at 31st December 2007," it said.

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The group said it has sufficient internal cash resources to meet all currently budgeted work programmes for at least a further period of twelve months.

It continues to review financing options for the construction of the K&S and Garinskoye projects and is currently reviewing proposals from a number of investment banks to finance these projects.



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FTSE 100 - 17 May 08