London-listed Eurasia Mining, which operates platinum group metals (PGM) and gold mines in Russia, has started a formal sale process under the UK Takeover Code.
UBS Investment Bank in London has been appointed its leading financial adviser to assist in a review of its strategic options.
The company said in a statement on Wednesday that, in recent months, it had received a number of inbound expressions of interest from multiple parties interested in acquiring all of, or a stake in, its assets.