RE: Funny how15 Jun 2022 21:27
i dug this out, looking good to me, GLA
interview released erdc.ru Part 1
JSC Terek Mining Company (part of the Eurasia Mining PLC group
headquartered in London) initiated a project for the exploration and
production of "green" platinum group metals and "battery" metals: nickel,
copper and cobalt. As part of the agreement on investment activities in the
Arctic zone of the Russian Federation with the Corporation for the
Development of the Far East and the Arctic, the project will be implemented
in the Murmansk region. The volume of capital investments will amount to
3.15 billion rubles and more than 380 new jobs will be created.
According to Konstantin Firstov, General Director of JSC Terek Mining
Company (TGC), Eurasia Mining PLC is a producer of palladium, platinum,
rhodium, iridium and gold, has a portfolio for the extraction of "green" and
"battery", has a mining license for deposits with reserves for open mining in
the Murmansk region.
"Our company is working on the Zapadny Kytlym field in the Urals and is the
operator of the Monchetundrov project, which includes two palladium and
nickel deposits located near the city of Monchegorsk on the Kola Peninsula.
The advantage of the project is open-pit mining with low cost and without
environmental problems. The status of a resident of the AZRF will make it
possible to enjoy the benefits and administrative support provided to
investors in the region," said Konstantin Firstov, adding that a legally binding
agreement was previously concluded with the KRDV on assistance in the
implementation of investment activities in the AZRF.
"The directors are pleased to sign a legally binding agreement with the
Russian state-owned Far East and Arctic Development Corporation, which
helps to secure our property rights not only through licenses, but also
through all relevant land rights. The agreement with the KRDV is a critical
milestone in our strategic development both in relation to the rights to
projects that belong to Eurasia, and in relation to various tax and non-tax
benefits that increase the value of the company, "said Christian
Schaffalitsky,Executive Chairman of the Board of Directors of Eurasia Mining
PLC.
James Nieuwenhuis,Ceo of Eurasia, emphasized: "We have crystallized our
ownership of projects and enjoy full state support both from the state-
owned Rosgeologia and now from the state-owned KRDV, subordinate to the
Ministry for the Development of the Russian Far East and the Plenipotentiary
Representative of the President of the Russian Federation in the Far Eastern
Federal District. We see significant state support for projects in the Arctic,
where all the Kola projects of Eurasia are located, as well as all nine projects
from our agreement with Rosgeo. The agreement with the CDF will benefit
both Eurasia-owned existing projects and joint projects with Rosgeo, as well
as future projects that Eurasia can implement in the Arctic and the Far
East..