Client NewsEurasia Mining Plc: Binding Agreement Signed with ERDC
Eurasia Mining Plc (“Eurasia” or the “Company”), the palladium, platinum, rhodium, iridium and gold producing company, is pleased to announce that the Company’s Kola subsidiary has signed a legally binding cooperation agreement (“ERDC Agreement”) with the Russian state owned Far East and Arctic Region Development Corporation (“ERDC”) which falls under the remit of the Russian Ministry for the Development of the Far East and Arctic. Establishing cooperation with ERDC with regard to all Eurasia’s projects in the Kola Peninsula (“Kola”) will allow Eurasia (whilst current majority owner of its Kola subsidiaries) to obtain further state support and various tax and non-tax benefits for both Eurasia’s own projects and all the projects included in the agreement between the Company and Rosgeo (collectively “Kola Projects”).
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