Eurasia Mining PLC Enters Kazakhstan Market, Lists on AIX
Photo: Pixabay, illustrative purposes
The London-based company Eurasia Mining PLC, which specializes in precious metals mining, has entered the Kazakhstan market, Orda.kz reports.
Its shares are now listed on the Astana International Exchange (AIX).
According to AIX, Eurasia Mining PLC has been operating since 1995 and is publicly traded on the London Stock Exchange. The company is involved in gold and platinum group metals mining projects in Russia, specifically in the Ural Mountains and on the Kola Peninsula.
The company’s market capitalization is estimated at £140 million, or over 99.2 billion tenge.
This is a landmark event that opens up new opportunities for the company, including access to a broader investor base and greater visibility in the region,
commented AIX CEO Asel Mukazhanova.
One of Eurasia Mining PLC’s largest projects in Russia is the development of the West Kytlim deposit in the Urals.
The company also extracts platinum, palladium, iridium, and rhodium at the site.
The company’s move into Kazakhstan may signal an interest in expanding its operations and establishing a full presence in the Central Asian market. Eurasia Mining PLC may be eyeing Kazakhstan’s rich gold reserves — or potentially exploring opportunities in the extraction of rare earth elements.
Original Author: Nikita Drobny
Latest news
- From Utilities to Security, Kazakhstan Approves New Smart Cities Methodology
- Tokayev Announced A Criminal And Administrative Amnesty Following The Adoption Of The New Constitution
- Tokayev Signed A Decree On The Implementation Of The New Constitution
- Casinos for Foreigners Only to Open in Kazakhstan
- Analysts Record a Sharp Surge in Immigration From China to Kazakhstan
- Baikonur Prepares To Launch Progress MS-33 Cargo Mission To The ISS
- Kazakhstani Scientists Are Preparing a Cancer-Prevention Supplement From Tomatoes and Watermelons
- Garbage Fines Now Fall Under Akimats: What the Changes Mean and What Risks Citizens Face
- CEC Announces Final Results Of Constitution Referendum
- Applications Begin For Bolashak And Scientific Internships In Kazakhstan
- Road Construction Violations Worth Hundreds of Billions of Tenge Uncovered in Kazakhstan
- Winter Paralympics End In Italy As Cortina Hosts Closing Ceremony
- CEC Announces Preliminary Results Of Vote On New Constitution
- Gasoline Has Risen In Price Again In Kazakhstan
- New Constitution Day And Parliamentary Elections: Tokayev’s Key Statements
- Nazarbayev Confirms Support For Tokayev And The New Constitution
- Xi Jinping And Tokayev Deepen Cooperation As Chinese Observers Monitor Referendum In Kazakhstan
- Kazakhstanis Abroad Complete Voting in Referendum
- Exit Polls Indicate Strong Support For Kazakhstan’s New Constitution
- Referendum In Kazakhstan: CEC Releases Preliminary Turnout Data
