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Additional Information
Market: TSX-V
Sector: General Mining
EPIC: KM
Latest Price: 0.11  (0,00%)
52-week High: 0.30
52-week Low: 0.10
Market Cap: 0.92M
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Kola Mining
kolamining.com

Kola Mining Corporation is a Mineral Exploration Company, with projects in Apatity, Russia, Bishkek, Kyrgyzstan and Almaty, Kazakhstan.  The Company is engaged in the identification, acquisition, exploration and development of precious and base mineral properties in Russia, Eastern Europe and Central Asia.  The Company was established in 2005 as Centrasia Mining and changed its name in 2008 to better reflect the strategy of becoming a producing mining company with the development of the Souker Nickel Project in the Kola Peninsula of Russia.

Full Kola Mining profile here
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Kola Mining – New board appointments, important ones too

21st Nov 2008, 12:00 am by Sam Kiri
Kola Mining – New board appointments, important ones too
It is important to have individuals of stature and connections as members of the board in the mining business. No where as important as in Russia and the Former Soviet Union (FSU), particularly if you are in the natural resources business. That makes the recent board appointments by Canadian Venture and Frankfurt listed Kola Mining (TSX.V: KM, Frankfurt: C8M) significant.

KM is engaged in the development of precious and base mineral properties in Russia, Eastern Europe and Central Asia, regions where connections to right people in right places matters. The company has elected Mr. Mikhail Yuryev and Dr. Sergey Makarov to the Board of Directors along with Cary Pinkowski, Nick DeMare and Grigory Aleksenko who are returning directors of the Company.

The new appointees are not only seasoned mining professionals but appear to be well connected too. Mr. Yuryev was the Deputy Speaker of the Duma for the Russian Federation from 1996-1999 and is currently the CEO of Cvetmetholding Ltd., an investment company specialized in mining projects in Russia and the CIS. During the last several years he held the position of the Chairman of the board of directors of the Joint Stock Company Eurofinance Group, an investment company with a diversified portfolio of projects from various industries. Before that Mr. Yuryev was the Chairman of the Board of the Investment and Industrial Group Eurasia, an investment company with projects in the construction, energy and finance sectors. Mr. Yuryev has about 10 years of experience dealing with Russian mining, oil and gas companies.

Dr. Sergey Makarov is the General Director and co-founder of the Closed Joint Stock Company NPO Gimein, a company that promotes geological projects in Russia. Dr. Makarov has more than 20 years of experience in environmental monitoring and environmental protection in different regions of Russia, including the Kola Peninsula. He also has wide experience as an entrepreneur developer of mining projects in Russia. He is a graduate of Moscow State University (1977) and holds a Ph.D in Geography (1986). Dr. Makarov’s experience includes being the head of the Research Division in the Central Institute (Research Center) of the Russian Federal Agency of Hydrometeorology and Environmental Protection.

New appointees are clearly well-connected and are likely to help KM navigate through the officialdom in Russia.

Progress continues in KM’s operations elsewhere in the FSU. Few weeks ago, Kyrgyzstan has lifted restrictions on KM’s wholly owned subsidiary, Bulakashu Mining Company ("BMC") assets, licenses and accounts. Work on BMC's Bulakashu Property in Kyrgyzstan was suspended subsequent to the acquisition of the Company's Souker Project and the filing of the legal actions against BMC. Removal of restrictions would enable KM continue its development efforts in Kyrgyzstan as well.






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