Eurasia Mining

Eurasia Mining (EUA)

Eurasia Mining on the Web and Social Media

Eurasia Mining News, Fundamentals and Discussion on:

Eurasia Mining page on Interactive Investor
Eurasia Mining page on Financial Times
Eurasia Mining page on ADVFN
Eurasia Mining page on London South East
Eurasia Mining page on Bloomberg Markets
Eurasia Mining page on This is Money
Eurasia Mining page on Motley Fool
Eurasia Mining page on Proactive Investors
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Eurasia Mining Socially Speaking

Eurasia Mining RNS, News and Media

Headline

2 Feb 2018
Eurasia Mining PLC - Monchetundra Mine Permit Updatefrom Interactive Investor
2 Feb 2018
RNS press release - Monchetundra Mine Permit Update from Proactive Investors
2 Feb 2018
News - Eurasia Mining says permit application for Monchetundra mine is going faster than expected from Proactive Investors
25 Jan 2018
News - Eurasia Mining has two million PGM ounces in the ground, and a finance deal to get them out from Proactive Investors
24 Jan 2018
Eurasia Mining PLC - Completion of Transactionfrom Interactive Investor
24 Jan 2018
RNS press release - Completion of Transaction from Proactive Investors
14 Dec 2017
Eurasia Mining PLC - Replacement - Amendment to Loan Agreementfrom Interactive Investor
14 Dec 2017
Eurasia Mining PLC - Amendment to Loan Agreementfrom Interactive Investor
14 Dec 2017
RNS press release - Replacement - Amendment to Loan Agreement from Proactive Investors
14 Dec 2017
RNS press release - Amendment to Loan Agreement from Proactive Investors
14 Dec 2017
News - Eurasia Mining amends US$2mln loan agreement so more cash can be directed to mining preparation from Proactive Investors
11 Dec 2017
Eurasia Mining PLC - Issue of Equity and Directors' Holdingsfrom Interactive Investor
11 Dec 2017
RNS press release - Issue of Equity and Directors' Holdings from Proactive Investors
5 Dec 2017
Eurasia Mining PLC - Monchetundra Application & West Kytlim Updatefrom Interactive Investor
5 Dec 2017
RNS press release - Monchetundra Application & West Kytlim Update from Proactive Investors
5 Dec 2017
News - Eurasia Mining lodges mine permit for Monchetundra from Proactive Investors
20 Nov 2017
Eurasia Mining PLC - Issue of Equityfrom Interactive Investor
20 Nov 2017
RNS press release - Issue of Equity from Proactive Investors
20 Nov 2017
News - Eurasia Mining reveals direct equity investment from Venus Garden Holdings from Proactive Investors
26 Sep 2017
RNS press release - Interim Results for Six Months Ended 30 June 2017 from Proactive Investors
26 Sep 2017
News - Interims show Eurasia on track with Russian assets from Proactive Investors
11 Sep 2017
RNS press release - Issue of Equity from Proactive Investors
8 Sep 2017
RNS press release - Memorandum of Understanding Signed with GoldMint from Proactive Investors
8 Sep 2017
News - Eurasia Mining shares surge as it strikes collaboration with blockchain group GoldMint from Proactive Investors
4 Sep 2017
RNS press release - Project Update from Proactive Investors
4 Sep 2017
News - Eurasia Mining on track for mining license at Monchetundra PGM project in Russia from Proactive Investors
18 Aug 2017
RNS press release - Issue of Equity from Proactive Investors
18 Jul 2017
Media files - Eurasia cracking on with mining application now discovery certificate's in hand from Proactive Investors
17 Jul 2017
RNS press release - Receipt of Discovery Certificate from Proactive Investors
17 Jul 2017
News - Eurasia Mining granted discovery certificate at Monchetundra from Proactive Investors
29 Jun 2017
RNS press release - Result of AGM from Proactive Investors
16 Jun 2017
Media files - Eurasia Mining ticks off key steps at Monchetundra from Proactive Investors
15 Jun 2017
RNS press release - Semenovsky Tailings Project from Proactive Investors
15 Jun 2017
RNS press release - Discovery Certificate Application Submitted from Proactive Investors
15 Jun 2017
News - Eurasia Mining well-positioned in what will potentially be a major new PGM producing area from Proactive Investors
15 Jun 2017
News - Eurasia Mining gets August extension as it mulls options for Russian tailings plant from Proactive Investors
31 May 2017
RNS press release - Russian Subsoil Agency Approves Maiden Reserves from Proactive Investors
31 May 2017
News - Eurasia Mining hails reserve approval for Monchetundra as 'incredibly important' development from Proactive Investors
19 May 2017
RNS press release - Loan Facility and Issue of Equity from Proactive Investors
16 May 2017
RNS press release - Unaudited Preliminary Results from Proactive Investors
16 May 2017
RNS press release - Retirement of Chairman from Proactive Investors
16 May 2017
News - Eurasia Mining looks at new loan as production picks up from Proactive Investors
9 May 2017
RNS press release - Company Update from Proactive Investors
9 May 2017
News - Eurasia Mining re-starts production at West Kytlim from Proactive Investors
26 Apr 2017
RNS press release - Sanderson Partners facility drawdown from Proactive Investors
3 Apr 2017
RNS press release - Monchetundra Project - Feasibility Study Approval from Proactive Investors
29 Mar 2017
RNS press release - Sanderson Partners facility drawdown from Proactive Investors
24 Mar 2017
RNS press release - Company Update from Proactive Investors
21 Feb 2017
RNS press release - Sanderson Partners facility drawdown from Proactive Investors
17 Feb 2017
News - Eurasia Mining "steadily securing its future" from Proactive Investors
6 Feb 2017
RNS press release - West Kytlim Update from Proactive Investors
6 Feb 2017
RNS press release - Successful step up to Production at West Kytlim from Proactive Investors
6 Feb 2017
News - Eurasia re-draws mining agreement at West Kytlim from Proactive Investors
3 Feb 2017
RNS press release - Issue of Equity from Proactive Investors
18 Jan 2017
News - Eurasia Mining says officals vetting feasibilty study for Monchetundra from Proactive Investors
30 Dec 2016
RNS press release - Issue of Equity and Director Holdings from Proactive Investors
22 Dec 2016
News - Eurasia Mining extends MOU at Semenovsky tailings project from Proactive Investors

Eurasia Mining Charted

Eurasia Mining Discussion on Interactive Investor

Re: quietly confident of 1p sp by Ripley94

  Tue, 13 Feb 2018 12:29:00 GMT
Same story today shows on top risers even bigger spread .
0.35 to 0.4 .
highest little spike on 6th Feb when chart shows 0.4.

By Ripley94

Re: Info by Krayl

  Fri, 02 Feb 2018 12:17:00 GMT
I can't get my head round this company which should be worth 100's of millions and is capitalised at 5 million.
What really worries me is that POG is quoted as the example of a success. I have had personal experience of investing in POG. It has been at over £5 and fell to 4p before crawling back to 8p. Not a shining example.
By Krayl

Re: quietly confident of 1p sp by Ripley94

  Fri, 02 Feb 2018 09:55:00 GMT
11/12/17.
On top of riser table today up 50% quick drop back to 30% . ( 17% spread )
Back to price i came in .
By Ripley94

PIVITAL TURNING POINT! by alltold9

  Fri, 02 Feb 2018 08:47:00 GMT
Todays RNS should be the start of the new beginning for EUA. I expect a surge followed by a retrace in early trading, followed by another surge as punters realise the implications of the RNS. Could we test 1p+ today?
By alltold9

RNS by HaveADabble

  Fri, 02 Feb 2018 07:30:00 GMT
Eurasia Mining plc (AIM: EUA)

 

("Eurasia" or the "Company")

 

 

Monchetundra mine permit update: resolution issued by Rosnedra

 

 

 

 

Eurasia, the London listed platinum group metals and gold producer, is pleased to announce an update regarding the application for a mining permit at the Monchetundra Project on Kola Peninsula, submitted late 2017.

 

A review of the Monchetundra mining permit application has been completed by the Federal Anti-Monopoly Service (FAS) and all relevant divisions within Rosnedra. The official draft Resolution of the Government of the Russian Federation for the mining permit has been forwarded by RosNedra to the Ministry for Defence (MOD) and the Federal Security Service (FSB) for their approval.

 

Highlights:

 

-      Rosnedra has approved a draft of the mining permit and has forwarded the relevant documentation to MOD and FSB.

-      Once the mining permit is approved early stage operations can commence at Monchetundra.

-      Mining permit application progressing considerably quicker than the company expected.

 

 

Christian Schaffalitzky, Executive Chairman at Eurasia commented "We are very pleased with this result and the efficiency of the officials at Rosnedra in processing this application. The experience of our staff in Russia, gained from successfully processing a similar mining permit for our West Kytlim Project has proven invaluable. We look forward to providing further positive news in due course."

 

The application has now progressed from Rosnedra, who manage the entire mine permitting process, to the MOD and FSB.

 

Background to the project:

 

Monchetundra is a major Platinum Group Metals ('PGM') and base metals project with state approved reserves plus resources of 2 million ounces of palladium equivalent of PGM with additional base metal and gold credits.  A discovery certificate, guaranteeing mining rights was issued to the company in July of 2017. The mining permit application was finalised in Q4 of last year and submitted to Rosnedra (See RNS dated 05 December 2017).

 

As previously announced, state approved reserves and resources within the Monchetundra Project comprise Russian standard C1 and C2 categories of 55.9 tonnes (about 2 million ounces) palladium equivalent (predominantly palladium) at two open-pittable locations, West Nittis and Loipishnune.  These open pits also contain significant gold and base metal credits including 28,124 tonnes of copper and 30,410 tonnes of nickel. The full Reserves and Resource Statement is set out in the announcement dated 31 May 2017.

To note, for the purposes of correlating the scale of this deposit to other international platinum group minerals and base metal mines, the total in-situ metal value of these Reserves and Resources, before metal recoveries and all costs, is calculated as 2.1 billion USD at today's (Jan 31 2018) metal prices. However, there can be no guarantee that this figure will be achieved by Eurasia

For more information please see our website at;  www.https://www.eurasiamining.co.uk/operations/monchetundra

Engineering Procurement Construction and Financing (EPCF) Contract

An EPCF contract to develop the mine at Monchetundra is already in place with Sinosteel, a state owned Chinese corporation focused on mining, and was agreed in October of 2016 (see RNS dated 10 October 2016. The contract provides for Sinosteel to undertake the mine and processing plant construction and commissioning on a turnkey, commercial arms-length basis. 85 per cent (or US$149,600,000) of the contract value has been arranged as debt-based by Sinosteel with this element of plant construction costs to remain on the Sinosteel balance sheet until such time as the plant is operating at full capacity and to designed specification.

Discussions continue with other third-party service providers regarding the running of the mine at Monchetundra. The company hopes
By HaveADabble

Info by forwardloop

  Thu, 25 Jan 2018 22:20:00 GMT
By forwardloop

Re: Completion of transaction by dkok

  Wed, 24 Jan 2018 11:24:00 GMT
Hi Geng

Same thoughts and sentiments here.

I think that Monchetundra is the key for this share, as it is a huge resource, is in the final stages for the mining permit, has Sinosteel with a major EPC deal, and we have a good increase (with further projected increases for 2018&19) in the PGM basket prices.

All the basics are there for a major re-rate/increase in the event of a takeover/buyout.

glta

dkok
By dkok

Re: Completion of transaction by GENG

  Wed, 24 Jan 2018 10:22:00 GMT
Looks like this is in the early stages of a takeover or merger.

Have been here for a while, now worth waiting a bit more to see what happens
By GENG

Completion of transaction by Totally Wired

  Wed, 24 Jan 2018 09:59:00 GMT
24 January 2018

Eurasia, London quoted PGM and gold producer, is pleased to announce that, further to the announcement of November 2017, Mr Alexei Churakov has now completed the purchase of a 7% minority stake in Eurasia's subsidiary ZAO Kosvinsky Kamen (KK) which solely owns and holds the West Kytlim project. After this transaction, KK is 68% owned by Eurasia.


Alexei Churakov is a former Goldman Sachs and Morgan Stanley investment banker focused on mergers and acquisitions and in financing deals in the mining sector. On 20 November 2017 it was announced that Mr Churakov had completed a direct equity investment in Eurasia Mining PLC and that a further investment into Eurasia's subsidiary Kosvinsky Kamen was underway. This transaction has now been completed.


Highlights:


· US$350,000 in cash, invested directly at the project level by Mr Churakov, representing the purchase of a minority interest of 7% of Kosvinsky Kamen ('KK'), the Company owning the West Kytlim PGM and gold mining project.

· Funds to contribute to the Company's 2018 mining plan which is now finalised and funded.

· Pre-season preparation including ground works, lease of machinery, staffing, logistics and pre-ordering of consumables to be executed in the coming weeks.



From the last audited accounts dated 31 December 2016, KK generated no profit and a turnover of £139,862; the value of the assets of KK was stated as £2.9 million.


Commenting on the transaction Eurasia's executive chairman said: "We are most pleased with the level of confidence shown by Mr Churakov in both Eurasia Mining PLC and now also the West Kytlim Project itself. These funds will be deployed to increase our production budget at the West Kytlim project in 2018. Furthermore, we look forward to progressing both our key projects during 2018, by implementing our mine plan for a successful mining season at West Kytlim, and by progressing our mining application for the exciting and much larger Monchetundra Project in the Kola Peninsula."


2018 Mining season at West Kytlim

The production schedule for the 2018 mining season has now been finalised with the chief use of these funds contributing to Eurasia's 2018 production budget. A significant increase and reorganisation of production is planned for 2018 at West Kytlim with mining to progress at two open pit sites, one mined under contract and the other by Eurasia itself as owner-operator. Mr Churakov is actively involved in planning the 2018 mining season including the introduction of a potential new contractor to operate alongside Eurasia's own operations. The reserves targeted at Malaya Sosnovka in the 2016 and 2017 trial mining seasons remain a focus for the 2018 season, as well as the Kluchiki and Bolshaya Sosnovka mine sites, which are also ready for development. Having multiple sites operating concurrently helps to mitigate the risk of stoppages for maintenance at one operational site.
By Totally Wired

manipulation by dkok

  Fri, 15 Dec 2017 09:07:00 GMT
Is it me, or is there something just a little fishy about the fact that within half an hour of the RNS yesterday for the re-scheduling of the loan repayments, the condition of which was that there would be none if the shareprice stayed under 0.34, that the MM's had the share price up to 0.34, where it magically topped off and then receded.

Hopefully this doesn't mean that the company have been mugged by Riverfort, but the BoD should be on thier guard and checking the position, and if it turns out to be the case, then they should be looking to get out of the Riverfort deal ASAP.

If they need financing then they should be going down the Primary Bid route, which at least is much less diluting to existing shareholders.

glta

dkok
By dkok

Info by forwardloop

  Thu, 14 Dec 2017 23:07:00 GMT
By forwardloop

Re: Interesting times by forwardloop

  Mon, 11 Dec 2017 21:49:00 GMT
Dilution at low share price

https://www.investegate.co.uk/eurasia-mining-plc--eua-/rns/issue-of-equity-and-directors--holdings/201712111547060045Z/

By forwardloop

Re: Interesting times by Ripley94

  Mon, 11 Dec 2017 09:31:00 GMT
Showing down 18% @ 0.23 .. no news.
By Ripley94

Re: Interesting times by Ripley94

  Thu, 16 Nov 2017 09:14:00 GMT
Why not share those rumors Wand ??
By Ripley94

Interesting times by Wand Grabitt

  Wed, 15 Nov 2017 20:47:00 GMT
lots of rumours flying around.
By Wand Grabitt