Eurasia Mining PLC Enters Kazakhstan Market, Lists on AIX

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