- Eurasia Mining said Russia's ministry for natural resources had approved its application to for a mining permit at Monchetundra.

The company said it had now delivered the mine permit application to the office of Prime Minister Dmitry Medvedev for final authorisation.

'The office of the prime minister will now make a final decision on whether to authorise and finally grant the mining permit, and there can at this point be no guarantee that the mining permit will be granted,' the company said.

At 2:29pm: [LON:EUA] Eurasia Mining PLC share price was +0.01p at 0.41p

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