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Eurasia Mining PLC

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

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Market: AIM
Market Cap: £10.7 m
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Eurasia Mining plc (LON:EUA) chairman Christian Schaffalitzky tells Proactive's Andrew Scott a contract for the 2019 season's been agreed that will allow for Russian company Uralmetmash to carry out mining of platinum group metals and gold at the company’s West Kytlim mine in Russia. Work...

on 31/1/19

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