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Eurasia Mining lodges mine permit for Monchetundra

"We are very pleased to have submitted the Monchetundra mining license application, our second application in just over three years,” said Christian Schaffalitzky.
Mining truck
The mining season is due to close imminently

Eurasia Mining plc (LON:EUA)  told investors that it has lodged a mine permit application for the Monchetundra project.

The company added that it has continued to mine at West Kytlim, though it will imminently close for the 2017 season.

Additionally, new exploration licences have been made for an area adjacent to West Kytlim.

"We are very pleased to have submitted the Monchetundra mining license application, our second application in just over three years,” said Christian Schaffalitzky, executive chairman.

“We are hopeful for a reasonable processing time and have the in-house knowledge and experience to make the process as smooth as is possible.”

“We look forward to updating on the application's progress in due course.”

 Schaffalitzky added: “we continue to make progress at our West Kytlim Mine which is expected to temporarily close for the winter season, as usual, before the end of the month.

“Production volumes are considerably less than anticipated due to continued optimisations and modifications required to the machinery on-site.  We are actively working on new commercial arrangements to upscale the operation for the 2018 mining season."

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Eurasia Mining plc Timeline

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