Eurasia Mining
Eurasia Mining Plc is a minerals development company, listed on the Alternative Investment Market (AIM), currently operating in Russia. Eurasia's stated objective is to explore for platinum group of metals (PGMs) and gold on self-generated exploration targets and fund through joint venture partnerships with strategic operators and local partners. At present the company has two principal areas of operation in Russia, the Kola Peninsula and the Urals. Both are targets for PGM mineralization. In the Urals at West Kytlim, an alluvial platinum project is completing a bankable feasibility study and following successful permitting, going straight to mining. This is possible due to the low level of capital required for this type of operation and the suitability to scale up production in stages, funded from cash-flow. In Kola, the area consists of two exploration licences where good platinum and PGM grades have been obtained within bedrock targets. In 2008, both projects are being funded by Anglo Platinum in joint venture, earning a 40% interest in Kola by completing expenditure of $10 million and at West Kytlim, earning 50% by completing the bankable feasibility study. In addition to these PGM projects, work continues on targeting the acquisition of more advanced gold projects in Russia.
Wednesday, October 15, 2008
Eurasia Mining directors pile in
Platinum Group Metals (PGM) exploration and development company, Eurasia Mining (AIM: EUA) announced that two of its directors had acquired approximately 3.94 million shares in the company at 1.04 pence per share.
Christian Schaffalitzky, Managing Director, purchased of 1,939,643 shares, increasing his interest to 4,956,783 shares, or 3.5% of the Company. Gary Fitzgerald, Non-Executive Director, purchased 1,454,732 shares, increasing his total interest to 2,881,301 shares, or 2.04% of the Company.
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Other Eurasia Mining articles
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26/06/08 Eurasia Mining makes understated progress
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06/06/07 Eurasia Mining: Revisited
Other Eurasia Mining news
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08/10/08 Eurasia Mining awarded extension to West Kytlim licence
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29/09/08 Eurasia Mining interims and interview
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20/08/08 Luncroft Holdings takes 7% of Eurasia Mining
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09/07/08 Eurasia Mining CEO increases stake by 50%
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17/06/08 Eurasia Mining appoints Dmitry Suschov to board
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28/05/08 Eurasia Mining secures Russian investor
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03/04/08 Eurasia finds possible open pit platinum resource
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27/09/07 Eurasia Mining steps up drilling campaign
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08/08/07 Eurasia Mining discovers more PGMs at Kola jv with Anglo Platinum
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29/06/07 Eurasia Finals - reduced losses for Russia