20th Apr 2026 14:29
Eurasia Mining PLC - London-based palladium, platinum, rhodium, iridium and gold miner - Says it is working to complete the West Kytlim sale and the Monchetundra detailed design completion as soon as practicable. In December, the firm said it has agreed to sell its West Kytlim mining operations in the Urals to a Russian company for USD9 million, saying the decision reduces the risk the mine will be nationalised by Russia without compensation in response to the freeze of Russian assets in Europe. Eurasia said it will sell the West Kytlim assets to LLC KS Logistics, "a non-sanctioned infrastructure company in Russia working in transportation, infra-structure development, retail sales and information technology development and management." On Monday, Eurasia Mining says it "continues to expect that both developments will proceed as announced, and will update as soon as available". At NKT, the company says work continues to advance a feasibility study to support the application for a mining licence and to plan for the integration of this with the Monchetundra mine plan. Read More
