IN BRIEF: Eurasia Mining continues to advance projects, considers sale
Eurasia Mining PLC - Russia-focused palladium, platinum, rhodium, iridium and gold producer - Completes the final high voltage electrical testing and the contractual 72-hour continuous performance test at West Kytlim. Says further operations at the site await a general thaw and abundant running water in order to commence washing of gravels. Expects the power line and electric dragline will have a "positive impact" on mining operations in 2023. At Monchetundra, company is expecting a final opinion on the definitive feasibility study for the project in the "coming weeks." Meanwhile, at the Nyud project, the company says further development regarding the agreement entered into with Rosgeo in March 2021 are being considered now that the agreement has expired. Read More