Amur raises projected earnings forecast

Aim-listed Amur Minerals has reported a 78% increase in projected earnings for its Russia-based nickel/copper sulphide Kun-Manie project. The company said on Monday that the projected earnings before interest, tax, depreciation and amortisation (Ebitda) had increased by 78.75% to $2.7-billion, from the October 2017 estimate of $1.6-billion, owing to a combination of openpit and underground mining methods, rather than only openpit production.