- Eurasia Mining said its Monchetundra mine permit application had been approved by two key Russian agencies: the Federal Securities Board and Ministry of Defence.

The application would now progresses to ministerial level, where it would be reviewed by the Ministry of Economic Development and Ministry of Natural Resources, before progressing to the office of Prime Minister Dmitry Medvedev for final approval.

The application process remained on track for a successful grant by late summer, the company said.

At 2:24pm: [LON:EUA] Eurasia Mining PLC share price was +0.02p at 0.39p

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