Christian Schaffalitzky, executive chairman of Eurasia Mining plc (LON:EUA) tells Proactive they've received approval of the Monchetundra mine permit application by two key Russian federal agencies: the Federal Securities Board (FSB) and Ministry of Defence (MOD).

Schaffalitzky adds the mine permit application for the 2mln ounce PGM project has now progressed to ministerial level.

He says the application process remains on track for a successful grant by late summer.