Eurasia Mining Plc engages in the mining and exploration for and development of platinum group metals, gold, and other minerals in Russia. The net loss in 2019 also decreased to £800,000, down from a £2.62 million in 2018. On the downside, it doesn’t have a lot of gold or as much nickel/copper as other assets. In the first six months of this year the firm’s revenue was £48,000 while the net loss widened to £1.1m. 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. Otmane El Rhazi from articles. Eurasia Mining ticks some boxes for them, especially with Monchetundra on the Kola peninsula. Eurasia is developing its Monchetundra Project towards production following the issue of a mining permit for circa 2Moz (2PGE + Gold) deposit in November 2018. 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. 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. 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. Sinosteel’s EPC financing covers 85% ($149.6m) of the total contract, which is valued at $176m. The company has two platinum/palladium projects in Russia: West Kytlim and Monchetundra, of which at present only West Kytlim is producing. 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. 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. on 3/7/18. Tech Loop Insights says NCAA found Venue Bubble effective after using... 1 day, 7 hours ago. 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. 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. Mining Eurasia’s Monchetundra project passes another permitting milestone. 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. Its projects include West Kytlim Mine, Monchetundra… 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.. Eurasia Mining PLC shares rose after announcing the Russian ministry of defence has approved its application for the Monchetundra flanks project. Eurasia Mining has received two approaches from parties interesting in acquiring some or all of its interest in the Monchetundra asset in Russia. Eurasia signed an agreement with Intec International Projects to oversee process improvements that further enhance the project. Eurasia Mining (EUA.L) is an AiM-quoted Russian asset PGM producer. Health Antibe … (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. Watch Eurasia Mining receives approval of Monchetundra mine permit application . Eurasia Mining PLC, the palladium, platinum, iridium, rhodium and gold producing company, is pleased to announce that an application for an exploration tenement adjacent to and surrounding the deposits at Loipishnune and West Nittis within the Monchetundra project, has now been submitted to Rosnedra for approval. 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. Eurasia has a long track record of successfully operating in Russia Eurasia … 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. Eurasia Mining is an AIM listed platinum group metals (PGMs) mining company based in Russia. … Eurasia also owns 80% of Monchetundra, a ~2Moz PGM project based which … Closer to European markets and large car manufacturers, cheaper cost of extraction. The project produced over 4,500 oz’s of raw platinum in 2018. 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.. 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