Mining Licence Update

RNS Number : 0927Y

Eurasia Mining PLC

27 November 2014

 



Eurasia Mining plc

("Eurasia" or the "Company")

Eurasia Mining plc, the precious metal exploration and development company working in Russia, is pleased to provide an update on its mining licence application at West Kytlim in the Urals.

Verbal confirmation has been received from the Russian state authorities that the Anti-Monopoly Board ("FAS") has approved the Company's mining licence application. The next step is the consideration of the application by the Ministry of Defence and Federal Security Service.

Once the assessments by these two remaining organizations are complete, Rosnedra will draft the terms of the mining licence for final review by the Ministry of Economic Development and a government commission, chaired by the Prime Minister.

Contacts:

For more information please contact:

Eurasia Mining:

Christian Schaffalitzky / Michael de Villiers

Tel: [phone]

Katy Mitchell, WH Ireland Limited

Tel: [phone]

 

END

 

 

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