Company
LON:EUA
Eurasia Mining PLC is an international mining and mineral exploration company, focussed on Russia. The company's stated objective is to produce and explore for platinum group metals (PGMs) and gold through self-funded own exploration targets and joint venture partnerships with strategic operators and local partners. Projects are subject to an initial evaluation for viability and once this is established further exploration work is carried out to feasibility study level. It is then the company's intention to either proceed to develop the project to production or partner the project with a suitable operator.
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Eurasia said it is now debt-free and financially stronger following the final debt to equity switch
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"It is our intention to transform the company in readiness for full-scale mining at Monchetundra, which will certainly require filling out the board from what is currently a minimum but cost-effective crew," declared the company's chairman,
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
The AIM-listed PGM (Platinum Group Metals) and gold mining company said the mine permit application has now been delivered to the office of Prime Minister Dmitry Medvedev for final authorisation
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A look at some of the top risers and fallers in London on Tuesday
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
Eurasia's journey through the Russia licensing system is progressing well
The UK blue-chip benchmark closed up over 45 points higher at 7,593, while FTSE 250 added over 59 points at 20,665.
At Monchetundra, Eurasia is expecting the completion of the application process for a mining permit on the 2mln ounce platinum group metals deposit defined by the company
