June 20 Eurasia Mining Plc, which
operates gold and platinum group metals projects in Russia, said
it would buy out partner Anglo American Platinum Ltd's
stake in their platinum mining joint venture.
The miner said its unit Eurasia Investments Ltd (EIL) would
buy the 50 percent stake it does not already own in Urals
Alluvial Platinum (UAP) from Rustenburg Platinum Mines (RPM
The agreement is conditional on RPM Cyprus and members of
the Anglo American Platinum group getting approval from the
South African exchange control, Eurasia Mining said on Friday.
The UAP joint venture was started by RPM Cyprus and EIL in
(Reporting by Karen Rebelo in Bangalore; Editing by Savio