Eurasia Mining confirms extension of licence at West Kytlim
Eurasia Mining has confirmed the extension of its exploration licence at West Kytlim covering the Tylai-Kosvinsky Placer in the Urals Region of Russia.
Eurasia Mining has confirmed the extension of its exploration licence at West Kytlim covering the Tylai-Kosvinsky Placer in the Urals Region of Russia.
The permit has been extended for another two years until the end of December 2014 as the company believes further exploration is required in several additional areas for longer term ore reserves. The planned programme of work is fully funded.
Managing Director Christian Schaffalitzky said: "Now that the exploration licence has been extended, we are also pleased that our applications for mining licences are progressing after a long effort. We look forward to moving into the development planning stage that, subject to timely granting of the additional permitting, could lead to our first platinum production in 2013".
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Michelin Key Hotels 2025: the top destinations in the world
The Michelin Keys have been awarded to spectacular hotels across the world. From Marlon Brando's private resort in Polynesia to a Bvlgari hotel in Tokyo, we look at some of the most extraordinary stays in 2025
-
MoneyWeek news quiz: How much could you get in car finance compensation?
The car finance scandal, inheritance tax, and house prices all made headlines over the past few days. Test your knowledge while reviewing this week’s top stories with MoneyWeek’s news quiz