Eurasia Mining furthers mining exploration with new license

Extending its capabilities beyond its joint venture with Anglo American Platinum, Eurasia Mining Plc has obtained further exploration licensing

For 15 years, Eurasia Mining Plc leveraged a joint venture with Anglo American Platinum Ltd., which proved to be very successful as the company went on to obtain licenses for platinum mining exploration projects in Monchetundra, Kola Peninsula, Finland, and West Kytlim—a mine that produces platinum, palladium, iridium, rhodium and gold—in Russia. Fast-forward to the present and Eurasia is now working beyond this to gain further permissions. 

The company was granted the Flanks License, which complements its current mining industry certification while extending beyond its initial exploration license.

‘The directors are delighted that we continue expanding our presence in the Urals beyond our current mining license area and Typil exploration license area, including to the areas known to us through the work done within our former 15-year joint venture with Anglo American Platinum’, says Christian Schaffalitzky, Executive Chairman of Eurasia Mining

Meanwhile, James Nieuwenhuys, Chief Executive Officer and Managing Director of Eurasia Mining, says, ‘The Board members are happy that we have once again delivered on the promise we made to obtain the Flanks License at our West Kytlim project, strengthening its position as the world's largest soft rock PGM project, as we continue to successfully execute on our plans’.

What’s next for Eurasia Mining? 

The receipt of the Flanks License will allow Eurasia to strengthen its operations at the West Kytlim project—which has seen the launch of three new plants over the past few years—to mitigate the closure of the mine. As a result of this extension, the group will be able to leverage more access to resources and continue to scale up its production. There are also plans to improve upon the company’s ESG credentials as it looks to install electrically powered draglines to allow for improved operational efficiency. 

For more mining insights and news from the industry, check out the latest issue of Mining Global Magazine.


Featured Articles

Environmental certification for Lundin's Candelaria mine

Lundin Mining Corp has announced approval of an EIA to extend operations at the Candelaria copper mining complex in Chile

Lithium Africa and Ganfeng Lithium join hands in Africa

Lithium Africa Resources Corp. and China's Ganfeng Lithium Group Ltd. have created a 50/50 joint venture to accelerate lithium exploration and development

Mesh tech keeps Copper Mountain Mine going during outage

Rajant's Kinetic Mesh networking, BreadCrumb wireless nodes and InstaMesh networking software kept the mine safe at a critical time earlier this year

Diamond mine supports Yellowknife wildfire communities


Launch of China's first mining satellite developed with XCMC


Perpetua Resources to sign USA Department of Defense deal

Supply Chain & Operations