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Strategic Minerals MD says smaller scale projects “just right for business”

Published: 10:23 27 Jul 2015 BST

The managing director of Strategic Minerals (LON:SML), John Peters, is confident that the firm’s focus on smaller, low cost mining projects will prove profitable in the medium term.

The mining group recently told investors at its annual meeting it wanted to acquire smaller resource projects with near term cash flows.

Strategic Minerals' aim is to become a profitable, dividend paying mining company in two to three years by taking on projects which are reasonably cheap and easy to put into production.

Since the end of 2014, Strategic has bought a New Zealand coal mine (Tatu) while due diligence is underway on a second coal mine in China.

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