1 December 2018
Eurasia Mining plc (AIM: EUA)
Monchetundra Mine Permit Registration
Eurasia Mining plc (AIM: EUA), the PGM and gold producing company, is pleased to announce that the official license certificate regarding the mine permit for Monchetundra has now been delivered to the company, and was yesterday, Monday 10 December 2018, registered with the state registry of subsoil mining licences in Moscow. A company director of the local subsidiary attended at Rosnedra in Moscow, the federal agent responsible for mining law, and received the mining license in person. This was subsequently officially filed with the state registry.
Rosnedra had previously calculated the one-time license payment (see RNS dated 07 Dec 2018) as RUR20,843,788, 20% of which (RUR4,168,758 or £48,853) is to be paid within 30 calendar days of registration of the license and the remaining 80% payable within 5 years of the date of the licence's registration.
A photograph of the official document, mining license MUR16493, has been uploaded to the Company's twitter feed. The license is issued to Terskaya Gornaya Kompany, Eurasia's 80% owned subsidiary, and is valid to the 07 December 2038, for the extraction of palladium, platinum, gold, copper and nickel.
Christian Schaffalitzky, commenting from the Company's Russian headquarters in Ekaterinburg said
'Congratulations to all our team in bringing this matter to a successful conclusion. Again we wish to thank the officials involved in moving the license documentation along so soon after the final decree from Prime Minister Medvedev. We look forward to advancing the project through construction now that the final permits are entirely in place. '
https://www.moneyam.com/action/news/showArticle?id=6239600