https://www.miningweekly.com
Mining|PROJECT
Mining|PROJECT
mining|project

Eurasia to pay one-time licence fee for Monchetundra

7th December 2018

By: Creamer Media Reporter

     

Font size: - +

Following the office award of the permit for the Monchetundra mine in Russia, Aim-listed Eurasia Mining said on Friday that it would have to pay a 20.84-million rouble licence fee.

Twenty per cent of the total is due within 30 days of registration of the licence at the state register of suboil licences. The remaining 80% is payable within five years of the date of the licence’s registration.

Eurasia said that the official document would be transferred to the company in the coming weeks and that it would pay the initial 20% from available funds. The balance would be met as part of the capital development of the project.

Monchetundra contains a state approved reserve and resource of about two-million ounces of palladium equivalent, with an in-situ total reserve and resource value of about $2.1-billion.

The project is fully permitted for mining.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

VISIT SHOWROOM 
Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.037 0.071s - 91pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: