Company Information for Peter Hambro Mining Plc

AIM-POG

www.peterhambro.com

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AIM; POG

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Company Statement

Peter Hambro Mining plc is a London-listed mining and exploration company with its assets located in Russia. The Group is focused on the acquisition, exploration, development and production of mineral deposits with a current focus on its precious metal deposits and the development of its iron ore assets as and when the iron ore market and project finance markets recover.

The Group has a number of production and exploration assets across Russia with its principal operations located in the Amur Region, the Russian Far East, where it has operated since 1994.

The Group currently produces gold from its own mines and from a number of joint ventures. In 2008, the Group produced 393,600 oz of gold, making it the third largest gold producer in Russia. On 22 April 2009, the Group completed its acquisition of the mining and exploration company Aricom plc.

Current Operations

Pokrovskiy - Overview
The Pokrovskiy mine is one of the largest producing gold mines (by annual production value) in the Amur Region and has been in operation for ten years, with the first gold having been recovered from the mine in 1999. The Pokrovskiy mine is currently one of the key producing assets of the Group.

The mine has a well developed infrastructure, including electricity supply, water supply and a road network. It also has a heating plant, laboratory, accommodation, a canteen and offices.

Access to the Pokrovskiy mine is either by air service from Blagoveschensk to Zeya (88 km from the mine) or by Trans-Siberian Railways from Khabarovsk (18 hours) to Tygda (10 km from the mine). The car journey from the regional capital Blagoveschensk to the mine takes approximately 7 hours.

Pioneer - Overview
The Pioneer mine is located in the Amur Region, approximately 35km from the Pokrovskiy mine. The Pioneer licence was acquired by Pokrovskiy Rudnik in 2001 and since then an extensive exploration programme has been carried out at this deposit. As a result of this, Pioneer’s first stage production facility came into production in April 2008.

After the successful ramping up of the first milling line at Pioneer and having exceeded the Company’s production forecast for the deposit in 2008, the second milling line is under construction and due for commissioning in the second half of 2009. It is expected that the mill will ramp up to 3.2 million tonnes of annual capacity by the end of 2009. The construction of the third line is also ongoing and it is expected to be commissioned in the second half of 2010. It is expected that the plant will achieve its full designed capacity of 5.4 million tonnes of oxide material in 2011 and will be converted in 2014 to treat refractory material.

Advanced Development Projects
In addition to its producing mines, the Group also has a number of gold projects at an advanced stage of development. At these projects, extensive exploration has already taken place and the Group has taken significant steps to bring the projects into production within the coming years.

These licences are all relatively close together in the north-east of the Amur Region. The Group considers this to be its second “cluster” of development in the Region (with Pokrovskiy and Pioneer constituting the first). This relative close proximity should facilitate the development of these projects.

Operations
The Group’s alluvial production in the Amur Region comes from licences held by Amur Doré and Koboldo and three joint venture projects. Amur Doré is 100 per cent. owned by the Group and Koboldo is 95.7 per cent. owned by the Group.

Total attributed gold production for 2008 from alluvial projects was approximately 22,700 oz, an increase of 38 per cent. compared to 2007. These operations are seasonal and production typically increases in the summer months. It is estimated that these alluvial operations will produce approximately 29,000 oz in each of 2009 and 2010. The Group intends to continue to expand these operations through acquisition and exploration expansion opportunities.

Iron Ore Assets
Folowing the Group's merger with Aricom plc in April 2009, the Group’s principal iron ore assets are Kuranakh, Garinskoye, the Garinskoye Flanks and its interest in Bolshoi Seym which are located in the Amur Region, K&S and Kosteningskoye which are located in the EAO and the titanium sponge joint venture which is located in Jianlong in China.

Other Activities: In-house Services Specialist Companies
The Group’s focus is on profitable production and on growth operations in Russia. Its success is based on 15 years’ experience of operating in Russia, a world-class asset base and a very strong team of experienced and qualified professionals. The Group’s strategy is to develop natural resource projects, maximising their profitability and bringing value to the region and to the Group’s shareholders. This is accomplished by a number of in-house service teams which provide support for exploration, development, construction and mining needs of the Group.

Geographical Spread

The Group’s principal assets are located in the Amur Region, Russian Far East and it has offices in London, Moscow and Blagoveschensk (Amur Region) with the head office in London. In addition the Group is active (itself or through joint ventures) in other areas of Russia including the Evreyskaya Avtonomnaya Oblast (EAO) and the Yamal, Buryatia, Magadan, Chita, Irkutsk and Sakha regions. The Group’s gold operations are focussed on its Pokrovskiy and Pioneer producing mines, Malomir (a development project), and its exploration projects at the Pokrovskiy Satellite Deposits area and the Albyn, Tokur and Osipkan deposits, all of which are in the Amur Region, and the Novogodnee Monto nd Petropavlovskoye deposits in the Yamal Region. Its primary iron ore assets are Kuranakh and Garinskoye in the Amur Region and the Kimkanskoye and Sutarskoye iron ore deposits (K&S) in the EAO.

Board of Directors and Key Management

Peter Hambro	Chairman
Dr. Pavel Maslovskiy	Chief Executive
Brian Egan	Chief Financial Officer
Sir Rudolph Agnew	Senior Non-Executive Director
Sir Malcolm Field	Non-Executive Director
Sir Roderic Lyne	Non-Executive Director
Lord Guthrie of Craigiebank	Non-Executive Director
Peter Hill-Wood	Non-Executive Director

Company Address

11, Grosvenor Place
London, United Kingdom SW1X 7HH


Telephone:	44 (0) 20 7201 8900
Facsimile:	+44 (0) 20 7201 8901
Email:	corporate[at]peterhambro.com
Website:	http://www.peterhambro.com

Additional Address/Key Contact

Investor Relations contact -
Director of External Communications
Alya Samokhvalova
Phone: +44 (0)20 7201 8900
Fax: +44 (0)20 7201 8901
E-mail: contact@peterhambro.com

Capital

Current Issued Share Capital: 171,083,485 Ordinary shares of £0.01 each

Annual General Meeting

25 June

Year End

31 December

Nominated Brokers

JPMorgan Cazenove Limited
20 Moorgate
London EC2R 6DA

Canaccord Adams Limited
Cardinal Place
7th Floor
80 Victoria Street
London SW1E 5JL

Nominated Advisors

JPMorgan Cazenove Limited
20 Moorgate
London EC2R 6DA

Major Shareholders

Shareholder	Number of shares	% of issued share capital
Pavel Maslovskiy & Associates	20,446,978	11.95%
Lansdowne Partners Ltd	15,086,666	8.82%
BlackRock Inc	13,475,261	7.88%
Peter Hambro & Associates	10,820,621	6.32%
JPMorgan Asset Management	8,259,509	4.83%
Baring Asset Management Limited	8,177,003	4.78%
M&G Investment Managers	7,850,000	4.59%
Vanguard Precious Metals and Mining Fund	7,850,000	4.95%
Standard Life Investments Limited	6,627,647	3.87%
Malavasia Enterprises Inc.	6,436,335	3.76%
Capital Research Management Company	6,047,130	3.53%
Legal & General Plc	5,917,178	3.46%

Most Recent Statement

04/06/09 - Director's Dealings
02/06/09 - Directorate Change
28/05/09 - Notice of AGM
07/05/09 - Production Report for Q1 2009 & Interim Management
05/05/09 - Purchase of Gold Equivalent Exchangeable Bonds
01/05/09 - Notice of Interim Management Statement

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