18th Apr 2016 09:18
LONDON (Alliance News) - Eurasia Mining PLC on Monday said it has now secured all the necessary permits for the West Kytlim platinum project in the Urals region of Russia.
RostekhNadzor, the Russian Federal Service for Ecological, Technological and Nuclear Supervision, has approved the technical design report and the mine plan, Eurasia said.
As a result, all necessary approvals for mining at the project have been received.
"We are very pleased with the steady progress to production in our West Kytlim project. Mining is still targeted to commence this summer with our preparatory work still on schedule," said Managing Director Christian Schaffalitzky.
Eurasia shares were up 8.1% to 0.702 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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