The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
The effect on our operations, including funding group subsidiary companies has been minimal to date. We took the decision to stockpile ore from West Kytlim at the beginning of the mining season due to our strong cash position, volatility in the market currently, and in anticipation of higher realisable sales revenue in the future. As such, despite producing 167 kg of PGM concentrate (113kg for full year 2021), we have made no commercial sales of platinum in the period, instead opting to retain this PGM concentrate, which has a net realisable value of c.£3 million for refining at a later date. The value ascribed to this concentrate is for the platinum content only and does not include any other PGMs or gold.
Christian Schaffalitzky, Executive Chairman commented: "The Directors are pleased that Artem Matyushok, a high profile M&A professional has agreed to join Eurasia. The experience of Artem and his knowledge of Eurasia can significantly speed up our Russian assets sale process".
James Nieuwenhuys, CEO and Managing Director of Eurasia commented: "We welcome Artem Matyushok on board to progress our M&A journey". Could we be getting close to this.
Kola Nickel Incorporation
Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum, rhodium, iridium and gold producing company, is pleased to announce that Eurasia has incorporated a 100% beneficially owned subsidiary, Kola Nickel LLC, following the Tier-1 Scale JORC Mineral Resource Estimate produced by Wardell Armstrong International ("WAI") at NKT, a nickel mine formerly operated by Norilsk Nickel (as announced via RNS on 16 December 2021).
Highlights:
· Nickel is now the main metal in Eurasia's basket of metals (on a Net Smelter Royalty basis) following the JORC Mineral Resource Estimate produced by Wardell Armstrong International at NKT. Work is being finalised on the high-grade veins part and the open pit part of NKT, as well as on the assaying to upgrade the resource to be separately announced in due course (please refer to RNS dated 16 December 2021).
Wed, 31 August 2022 at 2:16 pm·2-min read
A general view shows the Sakhalin-2 project's liquefaction gas plant in Prigorodnoye
FILE PHOTO: The signboard of Mitsubishi Corp is pictured at its head office in Tokyo
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Russia approves Mitsubishi for stake in new Sakhalin-2 operator
A general view shows the Sakhalin-2 project's liquefaction gas plant in Prigorodnoye
(Reuters) -Russia has approved an application by Japan's Mitsubishi to take a stake in the new operator of Russia's Sakhalin-2 liquefied natural gas (LNG) project, a government order published on Wednesday showed.
In an order signed by Russia's Prime Minister Mikhail Mishustin, Russia's government said it had approved Mitsubishi's request to transfer a 10% stake in the old operator to an equal stake in Sakhalin Energy, a new entity that President Vladimir Putin ordered to be established to take over ownership of the vast LNG project in Russia's far east.
Tue, 30 August 2022 at 8:41 am·2-min read
The newly designed Russian 100-rouble banknotes are seen at Goznak printing factory in Moscow
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine)
MOSCOW (Reuters) - The rouble firmed towards 60 against the dollar and euro in early Moscow trade on Tuesday, while higher oil prices helped push Russia's benchmark stock index to its highest point in two months.
At 0716 GMT, the rouble was 0.3% stronger against the dollar at 60.25 and had gained 0.5% to trade at 60.15 versus the euro.
FILE PHOTO: Wheat harvesting in Kyiv region amid Russia's attack on Ukraine
Wed, 17 August 2022 at 1:22 pm
KYIV (Reuters) - Ukraine expects five ships to arrive at its Chornomorsk Black Sea port on Wednesday for loading with more than 70,000 tonnes of agricultural products, the largest convoy so far under a U.N.-brokered grain export deal.
The Ukrainian sea ports authority said in a statement that the new cargoes would include wheat, corn and sunseed oil.
Thanks to the framework agreement brokered by Turkey and the United Nations, Ukraine managed in early August to resume exports from its Black Sea ports, which had been stalled for five months because of Russia's Feb. 24 invasion.
Deputy Governor of the Bank of Russia Sergey Belov holds the newly designed Russian 100-rouble banknote during a presentation in Moscow
Wed, 17 August 2022 at 8:58 am
MOSCOW (Reuters) - The Russian rouble strengthened on Wednesday to a one-week high against the euro, boosted by upcoming tax payments that usually boost demand for the Russian currency, while stock indexes climbed higher.
By 0727 GMT, the rouble had gained 0.7% to trade at 61.67 versus the euro, earlier clipping a one-week high of 61.60. It was 0.3% stronger against the dollar at 60.72.
The rouble is the world's best-performing currency this year thanks to capital controls and is expected to find more support soon from month-end tax payments that usually prompt export-focused companies to convert part of their foreign currency revenues. Looks like the sanctions are only hurting the west.
· The Board is closely monitoring the evolving sanctions and re-iterates that no individual or entity identified in the sanctions is associated with the Company in any way. Nor do the sanctions prevent the Company from executing on its M&A strategy as announced.
Christian Schaffalitzky, Executive Chairman commented: "The Board notes our focus on BRICS (in particular on Russia, China and South Africa) and Japan in terms of our M&A strategy. More updates are to be provided in due course".
Christian Schaffalitzky, Executive Chairman commented: "The Directors are pleased that Artem Matyushok, a high profile M&A professional has agreed to join Eurasia. The experience of Artem and his knowledge of Eurasia can significantly speed up our Russian assets sale process".
James Nieuwenhuys, CEO and Managing Director of Eurasia commented: "We welcome Artem Matyushok on board to progress our M&A journey".