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

McKinsey: Design is the answer to supply chain disruption

Based on McKinsey research, firms that embrace the business value of design are less susceptible to disruption in supply chains and are more eco-friendly

Extending maintenance intervals with ultra-hard wearfacings

Hans Bengtsson and Daniel Hoekfors explain how wear-resistant materials are overcoming challenges from wear and abrasion at iron ore mines in the Nordics

Automating your processes? Invest in the right skills

Annee Bayeux, Chief Learning Strategist at Degreed discusses how smart mining and automation are underpinned by the right skills

Accelerating the digital mine with a bite-size approach

Digital Mining

BHP trials renewable fuel at Yandi


Rio Tinto trials renewable diesel at U.S. operations