RNS Number: 4732 Z Eurasia Mining PLC 18 September 2020 EURASIA MINING PLC. Eurasia Mining plc, the palladium, platinum, rhodium, iridium and gold producing company, operating the established West Kytlim Mine in the Urals, and also the operator of the Monchetundra Project comprising two predominantly palladium open pit deposits near base metal and PGM...
Eurasia Mining* (#EUA LN) 19.8p, Mkt Cap £545m – Board and management changes James Niewenhuys is appointed as CEO and Executive Director of the Company with immediate effect. James was formerly a Non-Executive Director on the Company’s Board. He is a mining engineer with more than 40 years in the mining industry and has previously held senior management positions in the sector including CEO at South African Lesego Platinum Mining and COO at Polyus Gold, the largest gold producer in Russia. “James's focus will be to work with our advisers on the sale process… since joining Eurasia in November 2019 after completing due diligence on behalf of a potential buyer, James has got detailed knowledge of Eurasia's assets and he is of immense help both in terms of the sale process and in terms of demonstrating to the interested parties the strength of our own management team and its capacity to execute,” the Company said. Christian Schaffalitzky will remain as Executive Chairman. Additionally, Dmitry Suschov, a 17% shareholder in the Company, will step down from the Board for the role of Chief M&A Officer to focus on the sale process. Conclusion: The Company optimises the executive team as work on the sale process continues. *SP Angel act as Nomad and Broker to Eurasia Mining
Eurasia Mining Plc (EUA.L) Announced the appointment of James Nieuwenhuys, formerly a Non-Executive Director, as Chief Executive Officer and Executive Director of the company with immediate effect. Christian Schaffalitzky remains as Executive Chairman. The Directors have agreed to release Dmitry Suschov from the Board in order to allow him to focus as the company's Chief M&A Officer on the M&A work streams with company’s professional advisers. #EUA
RNS Number: 3726 Z Eurasia Mining PLC 18 September 2020 EURASIA MINING PLC. Appointments of Chief Executive Officer, Chief M&A Officer and Board Changes. The Directors believe that the experience of James and his relationships especially among PGM producers in Russia, China and South Africa, are beneficial for the Company in its ongoing work streams..
James's, London SW1Y 4 LH, on Friday 18 September 2020 at 11:00am, to consider the below resolutions.. The Board takes its responsibility to safeguard the health of its shareholders, stakeholders and employees very seriously and so the following measures will be put in place for the AGM in response to the COVID-19 pandemic and the current social distancing...
RNS Number: 0198 X Eurasia Mining PLC 25 August 2020 EURASIA MINING PLC. Eurasia Mining plc, the palladium, platinum, rhodium, iridium and gold producing company, operating the established West Kytlim Mine in the Urals, and also the operator of the Monchetundra Project comprising two predominantly palladium open pit deposits near base metal and PGM processing...
Eurasia Mining Plc #EUA announced a general update and announce the successful completion of a US$10 million equity placing (the "Placing") with institutional investors at a price of 22.5p per share, which is equal to the closing price on 17 August 2020. The net proceeds from the Placing, which was undertaken by the Company's Joint Broker Optiva Securities, will be used towards scaling up the production of West Kytlim, as announced in the Company's Annual Report dated 1 July 2020. The Company produces PGM (palladium, platinum, rhodium, iridium) and gold at the West Kytlim Mine on an owner operator basis, having decided recently to acquire full control of the operation. The project was brought to commercial scale production initially with the use of mining contractors in the 2018 and 2019 mining seasons. Using contractors allowed the project to be brought into production with minimal shareholder dilution and no debt financing, thereby maximising value for the Company's shareholders. Following two mining seasons, during which Eurasia's own key staff gained further mining and operational experience, a decision was taken to acquire full control of the operation. The Monchetundra Project is Eurasia's flagship world class PGM project and comprises two open pittable deposits near the town of Monchegorsk on the Kola Peninsula, Northwest Russia. A production permit was received in November 2018.
RNS Number: 3835 W Eurasia Mining PLC 18 August 2020 18 August 2020. Eurasia Mining plc, the palladium, platinum, rhodium, iridium and gold producing company, operating the established West Kytlim Mine in the Urals, and also the operator of the Monchetundra Project comprising two predominantly palladium open pit deposits located 3 km away from Severonickel, one...
Eurasia Mining Plc #EUA announced that the company has been granted the Tipil exploration license (24.5km2) adjacent and to the west of the current mining permit at West Kytlim. The Tipil license (24.5km2) contains approximately 17 kilometres of river course and sedimentary units proven to host PGM deposits at the West Kytlim project. Geological data and historical mining information has been analysed by the company's geologists and a report compiled which justified the application as a new exploration license tenement.
RNS Number: 5768 V Eurasia Mining PLC 10 August 2020 EURASIA MINING PLC. Eurasia Mining plc, the palladium, platinum, rhodium, iridium and gold producing company, operating the established West Kytlim Mine in the Urals, and also the operator of the Monchetundra Project comprising two predominantly palladium open pit deposits, located 3 km away from Severonickel,...
RNS Number: 8135 T Eurasia Mining PLC 22 July 2020 EURASIA MINING PLC. Eurasia Mining plc, the palladium, platinum, rhodium, iridium and gold producing company, operating the established West Kytlim Mine in the Urals, and also the operator of the Monchetundra Project comprising two predominantly palladium open pit deposits located 3 km away from Severonickel,...
RNS Number: 4059 T Eurasia Mining PLC 17 July 2020. Amendment to Form 8 OPD Eurasia Mining Plc. The following amendment has been made to the announcement released by RNS 15 July 2020 at 01:30 under RNS No 1118 T. The shareholding of Director Gary Fitzgerald is restated as 23,378,445 representing 0.87% of issued share capital.
RNS Number: 1118 T Eurasia Mining PLC 15 July 2020 Eurasia Mining plc. In accordance with Takeover code rule 8.1, the Company makes the following announcement:. PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER.
Eurasia Mining* (#EUA LN) 13p, Mkt Cap £350m – Trading in shares resumes Trading in Eurasia Mining shares was resumed on the AIM market this morning. The stock jumped more than 90% on the opening from the pre-suspension levels. The Company has earlier appointed UBS as its leading adviser to assist in a review of its strategic options. This complements the agreement the Company has with CITIC Merchant bank and it continues to work with VTB Capital. *SP Angel acts as nomad and broker to Eurasia Mining
Eurasia Mining Plc (EUA.L) Announced restoration to trading of the company's ordinary shares on the AIM market and the launch of a formal sale process under the UK Takeover Code. The company confirms that it has entered into a success fee-based engagement letter with CITIC Merchant to, amongst other things, explore possible strategic options for the company's mining assets. #EUA
RNS Number: 4563 S AIM 09 July 2020 NOTICE. RESTORATION OF TRADING ON AIM. Trading on AIM for the under-mentioned securities was temporarily suspended.
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Company Profile

Eurasia Mining Plc is a profitable company, the world’s largest alluvial PGM (palladium, platinum, iridium and rhodium) and gold producer with its cash costs on the very bottom of the global cost curve. Eurasia has been in production since 2016 on its alluvial PGM and gold deposit, running 2 open pit mines there. On its second bedrock palladium deposit close to the borders of Finland and Norway, Eurasia has now received a final production permit. Land works are already underway at the project which is fully funded via an EPCF contract with Sinosteel, one of the largest state companies in China. According to recent research by Optiva Securities, once this second project is in production, Eurasia’s EBITDA will reach $75m under conservative palladium price assumptions. The current market cap is below $20m.

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