Eurasia shares rise as it inches toward mining licence at West Kytlim

A Russian government department has given Eurasia Mining the green light for its alluvial platinum deposit licence at West Kytlim. Now only Prime Minister Dmitry Medvedev stands between Eurasia and its mining consent. Shares were up on the news, gaining 10.53% to 1.05p at 8:24 on Wednesday.The mining company said it had reached a "key moment" as it has accelerated the project and undergone intensive preparation.Eurasia managing director Christian Schaffalitzky said he was delighted to advise of the progress."The application process continues to work efficiently and we are grateful to the Russian authorities for their support during this important period," Schaffalitzky said.