Eurasia Mining PLC shares rose after announcing the Russian ministry of defence has approved its application for the Monchetundra flanks project. (Alliance News) - Eurasia Mining PLC on Tuesday said it has been awarded a licence at the Monchetundra Flanks base metal and platinum group metals asset in Russia. Eurasia Mining ticks some boxes for them, especially with Monchetundra on the Kola peninsula. Eurasia Mining says it has signed an engineering, procurement and construction (EPC) contract, with an associated mine finance package, for its Monchetundra PGM-gold-copper-nickel project, in Russia. Otmane El Rhazi from articles. Monchetundra Flanks Update . Eurasia Mining was granted a discovery certificate for its Monchetundra project sooner than expected with application for a mining license expected to follow in the near future. Mining Eurasia’s Monchetundra project passes another permitting milestone. However, the key asset is the M&A triggering EUA flagship palladium-driven project, Monchetundra, near to production. In the first six months of this year the firm’s revenue was £48,000 while the net loss widened to £1.1m. Eurasia noted that the Monchetundra project is moving towards production after securing a mining permit. Eurasia Mining PLC, the palladium, platinum, rhodium and gold producing company, is pleased to provide an update on developments at the Monchetundra Project in the first quarter of 2019. The project produced over 4,500 oz’s of raw platinum in 2018. Eurasia Mining Plc engages in the mining and exploration for and development of platinum group metals, gold, and other minerals in Russia. Health Antibe … On the downside, it doesn’t have a lot of gold or as much nickel/copper as other assets. Eurasia Mining says it has signed an engineering, procurement and construction (EPC) contract, with an associated mine finance package, for its Monchetundra PGM-gold-copper-nickel project, in Russia. "In November, following weeks of delays at congested assay labs in St Petersburg, Eurasia were at last able to announce results for a drilling program of four target zones at Monchetundra… Eurasia Mining plc, the palladium, platinum, rhodium, iridium and gold producing company, operating the established West Kytlim Mine in the Urals, and also the operator of the Monchetundra Project comprising two predominantly palladium open pit deposits near base metal and PGM processing facilities close to the town of Monchegorsk on the Kola Peninsula, is … Eurasia Mining is a long-established palladium, platinum, iridium, rhodium and gold focused production company quoted on the London Stock Exchange AIM market, with an operating PGM mine in the Ural Mountains palladium open pit deposit at Monchetundra. When Eurasia Mining initially started mining in 2018 the mine was operated by a contractor and the revenue was split, with Eurasia Mining keeping 35%, whereas now all of the revenue goes to the company. Tech Loop Insights says NCAA found Venue Bubble effective after using... 1 day, 7 hours ago. Eurasia Mining (LSE:EUA) jumped 6.3pc to 0.6p on Tuesday after revealing that it has signed an engineering, procurement, and construction (EPC) contract with a major Chinese firm for its Monchetundra project in Russia.. The net loss in 2019 also decreased to £800,000, down from a £2.62 million in 2018. Eurasia … Shares in Eurasia Mining were suspended on the London Stock Exchange yesterday, with the announcement that the company was seeking clarification from CITIC, presumably on the possible sale of one or both of its mines, although this was not stated.. An Engineering, Procurement and … The AIM-listed miner said it is an “important step” in obtaining the licence, as the application process is progressing as planned. Eurasia Mining (LSE:EUA) got one step closer to completing its Monchetundra mine recently when it received mining permit approval from the Federal Securities Board and Ministry of Defense. Mining Eurasia Mining MD: Monchetundra could be company maker on 08/11/2015 Editor's picks Mining Gold Resource approves spin-off of Fortitude Gold; declares... 1 day, 7 hours ago. Eurasia also owns 80% of Monchetundra, a ~2Moz PGM project based which … Prior to receiving the approaches, a detailed work programme for future activities at Monchetundra, a platinum group metals (PGM) asset in the Kula peninsula, had been prepared. Eurasia Mining has received two approaches from parties interesting in acquiring some or all of its interest in the Monchetundra asset in Russia. Closer to European markets and large car manufacturers, cheaper cost of extraction. Sinosteel’s EPC financing covers 85% ($149.6m) of the total contract, which is valued at $176m. Its projects include West Kytlim Mine, Monchetundra… The company has been developing Monchetundra towards production since being issued a mining permit a c.2Moz gold and PGE deposit in November last year. … Eurasia, the platinum, palladium, iridium, rhodium and gold production and development company, reports progress towards submission of the production license application for its Monchetundra Project, following the issue of the discovery certificate for the project’s 1.9 million ounce palladium equivalent (platinum and palladium) Reserves and Resources, announced on 17 July 2017. Tech CleanSpark announces a 122% jump in 2020 revenue, a triple-digit... 1 day, 8 hours ago. Eurasia Mining – accelerating growth into 2020 (EUA) The past two years have been particularly busy for Russia-focused precious metals business Eurasia Mining (LSE:EUA). Eurasia signed an agreement with Intec International Projects to oversee process improvements that further enhance the project. Eurasia Mining PLC (LON:EUA) has applied to explore another chunk of acreage within the Monchetundra project licence area in Russia. Eurasia is developing its Monchetundra Project towards production following the issue of a mining permit for circa 2Moz (2PGE + Gold) deposit in November 2018. The company has two platinum/palladium projects in Russia: West Kytlim and Monchetundra, of which at present only West Kytlim is producing. Eurasia Mining (LON:EUA) wants to re-start exploration at its Monchetundra platinum licence in Russia after continuing interest in the project from third parties. The company’s West Kytlim project (Eurasia owns 68%), based in the Ural Mountains, is the second largest alluvial PGM project in production in the world. Watch Eurasia Mining receives approval of Monchetundra mine permit application . Home Articles Director Deals - NewRiver Retail Ltd (NRR) Eurasia Mining receives licence for Monchetundra Flanks AJ Bell Contact us and help Charges and rates Log out Log in AJ Bell Youinvest is an easy to use, award-winning platform Open an account on 3/7/18. Eurasia Mining is a long-established palladium, platinum, iridium, rhodium and gold focused production company quoted on the London Stock Exchange AIM market, with an operating PGM mine in the Ural Mountains palladium open pit deposit at Monchetundra. The West Kytlim project is revenue generating with production expected to ramp up in 2020resulting in E UA becoming a de-risked prospect compared to its peers. Eurasia has a long track record of successfully operating in Russia Eurasia Mining (LSE:EUA) got one step closer to completing its Monchetundra mine recently when it received mining permit approval from the Federal Securities Board and Ministry of Defense. View All Eurasia Mining (EUA) Share Chat Posts per page: 25 50 100 London South East prides itself on its community spirit, and in order to keep … Eurasia Mining is an AIM listed platinum group metals (PGMs) mining company based in Russia. Eurasia Mining gets approval for maiden reserves at Monchetundra project, Russia 31 May 2017 (Last Updated May 31st, 2017 18:30) UK-based Eurasia Mining has received approval for its reserves report and feasibility study from the Russian State Agency for Subsoil Use (Rosnedra) for the Monchetundra palladium and platinum project. 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