LONDON (Alliance News) - Eurasia Mining PLC Wednesday said its mining license application for its West Kytlim project in Russia has been accepted by the authorities, which will now be delivered to the office of Russian Prime Minister Dmitry Medvedev for final authorisation.
"The Ministry of Natural Resources approval and completion of the final licence submission for the Prime Minister's authorisation signifies that all the relevant Russian agency approvals for the mining licence application have now been received," said the company.
Eurasia added that all documentation relating to technical, financial and operational features of the project have also been submitted.
"We are delighted to advise shareholders of further progress in the Mining Licence application process. The application process continues to work efficiently and we are grateful to the Russian authorities for their support during this important period," said Eurasia.
Eurasia shares were up 7.9% to 1.02 pence per share on Wednesday morning.
By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance
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Eurasia Mining (EUA)