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Eurasia Mining losses narrow

By BFN News | 07:54 AM | Wednesday 03 June, 2015

Eurasia Mining posts a pre-tax loss of £502,500 for the year to the end of December - down from £750,339 in 2013. Revenues fell to £3,640 - down from £16,355 last time. Chairman Michael Martineau said the company had moved significantly down the road toward platinum production and a review of financing options for the West Kytlim project is already under way. He said Eurasia applied for a mining licence for the project in November and most of the approvals are in hand, with the last step awaited from the prime minister's office. Story provided by

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