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Eurasia Mining looks forward to West Kytlim start-up as it chalks off another permitting milestone

Published: 14:21 21 Apr 2015 BST

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Eurasia Mining (LON:EUA) is enthusiastic at the prospect of starting platinum production at the West Kytlim project in Russia.

The company today told investors that the Russian ministry of economic development (MED) has provided its feedback on the company’s licence application within the guided 30 day period.

It comes after natural resources regulator Rosnedra passed sent up the application back in March.

MED has now requested additional information that will allow it to complete its part of the licence approval process. Specifically it has requested the original documents which can be used to validate the submissions provided by Rosnedra.

This has now been provided, Eurasia confirmed.

Eurasia chief executive Christian Schaffalitzky told investors he now looked forward to further feedback from the MED.

“In line with the progression of our Mining Licence through the final stages of the standard application process we are gearing up our preparedness so we can execute swiftly on our operational plans, implementation of which naturally remains subject to receipt of final approvals from the authorities,” Schaffalitzky said.

“We are increasingly enthused at the prospect of first Platinum production at West Kytlim, with the economic benefits that will bring locally in the West Kytlim area and for shareholders of Eurasia Mining."

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