The Russian Ministry of Defence has approved the Monchetundra Flanks application, which precious metals miner Eurasia Mining hails as an important step in obtaining the licence.
The Monchetundra project is two predominantly palladium openpit deposits located 3 km away from Severonickel, one of the largest Norilsk Nickel’s base metals and platinum group metals processing facility, near the town of Monchegorsk on the Kola Peninsula.