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The Markets
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General mining & base metals

Eurasia Mining working on Russian asset sale

Eurasia Mining PLC (AIM:EUA) said its focus over the past six months has continued to be to sell all its Russian assets.

“We have concentrated on this effort since 2020 and can report that we continue to make progress,” it said in a statement.

“Our focus on BRICS non-sanctioned counterparties continues, with several parties currently at various stages of their due diligence."

At the end of June 2023, Eurasia said it had cash and equivalents of £1.94 million held in accounts outside of Russia.

Interim losses for the half year were £7.38 million (£7.23 million).

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