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Full interview: Eurasia Mining PLC's chairman encouraged by progress at Monchetundra flagship

Christian Schaffalitzky, chairman at Eurasia Mining PLC (LON:EUA), tells Proactive that good progress is being made with the groundwork ahead of construction Monchetundra mine in the Kola Peninsula in Russia.

EPC contractor Sinosteel will start to build two open-pit mines and the processing plant at the palladium-rich PGM deposit once the preparation work is done.

That essentially means getting the site ready and making sure all the infrastructure is in place, says Schaffalitzky.

In addition, Eurasia has applied for rights to the flank areas of Monchetundra, which he says can boost the existing 2mln PGM resource ‘several-fold’.

Quick facts: Eurasia Mining PLC

Price: 2.675 GBX

AIM:EUA
Market: AIM
Market Cap: £71.27 m
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Eurasia Mining's Dmitry Suschov discusses 'strategic options' for its mining...

Eurasia Mining's (LON:EUA) Dmitry Suschov speak to Proactive London's Andrew Scott followingn the news they've engaged two banks as they consider the 'strategic options' for its Kola and Urals mining assets . He says VTB, an arm of Russia’s VTB Group, and CITIC, which is owned by the Chinese...

on 30/10/19

RNS

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