Eurasia Mining surges after Russian license application gets green light

Shares in Eurasia Mining surged over 15% early on Wednesday, after the mining group said its mining license application for its West Kytlim project in Russia had been accepted by authorities."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," the London-listed company said in a statement.The required documentation relating to technical, financial and operational aspects of the project had also been submitted to the Russian authorities, the group said."The application process continues to work efficiently and we are grateful to the Russian authorities for their support during this important period," the company added.Eurasia shares were up 18.42% to 1.12p at 09:25 on Wednesday.