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Eurasia Mining PLC - mining and mineral exploration company focused on Russia - Agrees to create a new joint venture with Russian state-owned company Rosgeo. Eurasia explains that the partnership expands its world-class portfolio of mining assets on the Kola Peninsula. The Rosgeo agreement allows Eurasia to gain a 75% equity stake in joint venture with the remaining 25% equity stake to be held by Rosgeo. Eurasia says it has paid an initial consideration of USD500,000 of cash for its share in the joint venture.
Current stock price: 27.50 pence, up 3.8% on Friday
Year-to-date change: down 19%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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