Eurasia Mining is in the spotlight

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  • Eurasia Mining appoints new chief executive for local Russian subsidiaries
  • The palladium price went on a tear in October, but who stands to gain and will the price strength continue?
  • Eurasia Mining’s Dmitry Suschov discusses ‘strategic options’ for its mining assets
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Quick facts: Eurasia Mining PLC

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Eurasia Mining PLC is an international mining and mineral exploration company, focused on Russia.

The company’s stated objective is to produce and explore for platinum group metals (PGMs) and gold through self-funded exploration targets and joint venture partnerships with strategic operators and local partners.

Projects are subject to an initial evaluation for viability and once this is established further exploration work is carried out to feasibility study level. It is then the company’s intention to either proceed to develop the project to production or partner the project with a suitable operator.

27 Jul 2021

(, ) has appointed a new chief executive of its subsidiary companies in the Kola Peninsula of Russia.

Konstantin Firstov, former Managing Director of Rosgeo has been appointed as chief executive of the 100% subsidiary Yuksporskaya Mining Company, and as chief executive of the 80% subsidiary Terskaya Mining Company.

Terskaya holds the Monchetundra and Monchetundra flanks licences..

Firstov is an experienced mining engineer who previously worked as the head of open pit mining at Achinsk, the largest operation of Rusal, a leading company in the global aluminium industry.

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15 Jun 2021

() is proceeding with its plans to create a series of joint venture companies with partner Rosgeo.

On 26 March 2021, Eurasia signed a binding agreement to create a joint venture with Rosgeo in which Eurasia will own a 75% equity stake in nine platinum group metal and battery metals assets, four of which are post the Russian feasibility study stage, and which have state approved reserves.

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26 May 2021

(), a platinum group metals and gold producer, said it completed a private placement yesterday, raising about US$20mln to finance the joint venture with Rosgeo.

On May 20, the company announced a private placement of 53.3mln shares and warrants to a single institutional investor at the market price of 26.5p per share and associated warrant, for gross proceeds of GBP14.1mln or about US$20mln.

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13 Nov 2019

The apparently inexorable rise in the palladium price came to a halt in the second week of November, after peaking at a record 1,804 per ounce on 28 October. Since then, the metal has given up more than US$100 per ounce, although analysts are divided as to where it will go next.

Most chartists seem to see a bullish trend developing, whereas those looking at market fundamentals continue to remain bullish.

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30 Oct 2019

Eurasia Mining’s () Dmitry Suschov speak to Proactive London’s Andrew Scott followingn the news they’ve engaged two banks as they consider the ‘strategic options’ for its Kola and Urals mining assets .

He says VTB, an arm of Russia’s VTB Group, and CITIC, which is owned by the Chinese government have already started assessing potential plans.

He says the Banks have agreed to work on a success fee basis, so that their motivation is directly linked to a successful completion of an asset transaction.

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