viewEurasia Mining PLC

Eurasia Mining close to production at West Kytlim in Russia

Plans for refining the concetrate will be announced shortly

picture of platinum on trays
A refining deal is expected shortly

Eurasia Mining plc (LON:EUA) expects to produce the first concentrate from its West Kytlim alluvial platinum prospect in Russia in ‘a matter of weeks,’ according to its managing director.

“We anticipate that the final components of the washplant will be delivered and the washplant commissioned within two to three weeks, which gives us enough time to complete the tailings dam and install the final elements of the mine design, including the facility for upgrading to a shippable black sand concentrate,” said Christian Schaffalitzky

“We are also finalizing our plans for metal refining which will be announced shortly," he added.

Russian firm SK Region-Story (SKRS) is carrying out the work at West Kytlim on a toll basis in return for a 70% share of revenues.

Quick facts: Eurasia Mining PLC

Price: 29 GBX

Market: AIM
Market Cap: £800.02 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Eurasia Mining PLC named herein, including the promotion by the Company of Eurasia Mining PLC in any Content on the Site, the Company receives...


Market Report: FTSE falls as dollar weakness strengthens pound

The FTSE 100 starts on the back foot this Tuesday as dollar weakness strengthens sterling. The London bourse is taking its lead from global stocks after the US imposed fresh sanctions on Chinese telecoms group Huawei. Marks & Spencer (LON:MKS) is cutting 7,000 jobs over the next three...

on 18/8/20

2 min read