RNS Number : 0521V
Eurasia Mining PLC
09 April 2021
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN EU REGULATION NO. 596/2014 AND IS IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 7 OF THAT REGULATION.

 

9 April 2021

 

Eurasia Mining Plc

 

Director Appointment

 

Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum, rhodium, iridium and gold producing company, is pleased to announce that it has appointed Mr. Tamerlan Abdikeev as a non-executive Director of the Company and the head of Eurasia's office in Japan ("Eurasia Japan").

 

About Tamerlan Abdikeev

 

Tamerlan holds a Master's Degree in International Relations and Modern Japanese Studies from Oxford University. Tamerlan has held various positions in financial industry in Asia and Europe. He was in charge of corporate planning at the State Street Bank and business development director at United Investments Japan. In 2005 Tamerlan joined PIMCO, a global investment management firm with more than US$2.21 trillion in assets, as part of the business management function across Asia Pacific (China, Singapore, Australia) and established the company's Hong Kong office in 2006. Later he relocated to PIMCO Europe in Munich, assuming responsibility for regional business development covering Russia, CIS and Eastern European markets. After returning to Tokyo in 2010 Tamerlan founded INVERO Advisors, an investment, strategy consultancy and M&A boutique focusing on private equity, project finance, global strategy, business development and cross-border M&A.

 

Japanese Platinum Group Metals ("PGM") Market Brief Summary:

 

·      Japan, a top 4 region in terms of PGM demand (after China, Europe and North America) in 2020 according to Johnson Matthey, has an ambition to get the leadership position as a hydrogen focused economy to meet its zero-emission goal.

 

·      Development of new generation of catalysts based on modified materials utilising PGM to be implemented in various fields, including but not limited to hydrogen production, fuel cells and treatment of nuclear contaminated water.

 

·      Japanese recent investments in PGM deposits include Japan Oil, Gas and Metals National Corporation (JOGMEC) ownership of 12.95% and Hanwa's acquisition of 9.75% in Platinum Group Metals Ltd in South Africa.

 

Tamerlan's achievements for Eurasia

 

Reputable members of Japan's business community related to PGM are in discussion to join Tamerlan at Eurasia Japan.

 

Tamerlan has introduced several Asian companies interested in working with Eurasia, including a Japanese US$21b net revenue company, that is already present in a PGM mining asset.

 

Christian Schaffalitzky, Executive Chairman of Eurasia commented: "We are delighted that Tamerlan is joining us. He brings along his Asian strategic investors, that are keen on the move to hydrogen and fuel cells using PGM as catalysts and have active interests in PGM mineral deposits having been hit by the PGM supply disruptions".

 

AIM Disclosures

 

The following details in relation to the appointment of Mr Tamerlan Niyazovich Abdikeev, aged 42, are disclosed in accordance with Schedule 2(g) of the AIM Rules:

 

Current directorships or partnerships

Previous directorships or partnerships in the last 5 years

Invero Advisors Co., Ltd


Invero Technology Solutions Co., Ltd


Invero Trading Co., Ltd


RJABINA Trade LLC


SMEAT LLC


WAGYU LLC


 

Mr Abdikeev holds no ordinary shares or options in the Company.

 

 

 

A copy of this announcement is also available on Eurasia's website at:

https://www.eurasiamining.co.uk/investors/news-announcements.

 

 

 

For further information, please contact:

 

Eurasia Mining Plc

+44 (0) 20 7932 0418

Christian Schaffalitzky / Keith Byrne


SP Angel (Nominated Advisor and Joint Broker)

 

Ewan Leggat / David Hignell / Adam Cowl

+44 (0) 20 3470 0470

Optiva Securities (Joint Broker)

 

Christian Dennis

+44 (0) 20 3137 1902

About Eurasia Mining Plc

 

Eurasia Mining plc is a palladium, platinum, rhodium, iridium and gold producing company, operating the established West Kytlim Mine in the Urals, and also the operator of the Monchetundra Project comprising two predominantly palladium open pit deposits located 3km away from Severonickel, one of Norilsk Nickel's largest base metals and PGM processing facilities, near the town of Monchegorsk on the Kola Peninsula.

 

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