Eurasia Mining PLC, headquartered in London, has officially launched share trading on the Astana International Exchange (AIX). Securities have become available to investors in Kazakhstan through the cross-listing, without a follow-up offering, AIX emphasized.
The mining company was founded in 1995, and its securities have been listed on the London Stock Exchange (LSE) since 1996. Eurasia Mining focuses on extracting non-ferrous and precious metals. Currently, it is implementing projects to extract platinum group metals, gold, nickel and copper in Russia’s Ural region and on the Kola Peninsula.
According to the company’s 2024 annual report, Eurasia Mining wants to sell its Russian assets and quit the local market. It was also noted that several companies had expressed interest in purchasing them, and negotiations have been completed, but their outcomes were not disclosed.
The company’s current market cap stands at approximately £140 million ($195.6 million), with over 80% of shares in free float.
Assel Mukazhanova, CEO of AIX, believes the company’s listing on the stock exchange will allow it to expand access to regional investors and strengthen the exchange’s position.
«This milestone opens new doors for the company offering access to a wider investor base and enhanced visibility across the region,» Mukazhanova highlighted.
Since the beginning of the year, Eurasia Mining’s share price has more than doubled on the London Stock Exchange (LSE).
Earlier this week, Kazakhstan’s Ministry of Industry and Construction released estimates of the remaining extractable reserves of various metals, including gold, which is expected to last for 30 years.
