logo-loader

Eurasia Mining CEO hails West Kytlim approval

Published: 16:08 08 Jul 2015 BST

The CEO of Eurasia Mining (LON:EUA), Christian Schaffalitzky, explains how a more streamlined licence application process in Russia has come at just the right time for the company.

Earlier today, Eurasia told investors that Prime Minister Dmitry Medvedev had approved an application for a mining licence for its West Kytlim project.

The decision follows a similar approval for Amur Minerals (LON:AMC) last month.

“Gradually, Russia is modernising a system which previously suited the Soviet system with a lot of centralised control, to a one where they rely on private enterprise to develop the mineral resource in the country,” said Schaffalitzky.

Caledonia Mining tackles 2023 challenges with optimism for 2024 as it...

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) chief executive Mark Learmonth tells Proactive's Stephen Gunnion the company faced a challenging 2023, primarily due to poor production in the first half of the year at its core asset, the Blanket Mine in Zimbabwe, and an underperformance...

2 hours, 41 minutes ago