EPIC : EMED

Web Site : http://www.emed-mining.com

6th June 2007 Broker Note : Link Click Here (PDF file)

5th June 2007 Hardman update : Link Click Here (PDF file)


The principal activity of EMED Mining is to explore for and develop natural resources, with a focus on copper and gold. The Company's region of interest spans from Europe to Iran which includes many past centres of mining and under-explored potential for many styles of mineralisation such as volcanogenic-hosted massive sulphide copper-gold, epithermal gold and porphyry copper-gold .

The Company has been listed on AIM (Code:EMED) since May 2005. Shareholders approved changing the Company's name from Eastern Mediterranean Resources Public Limited to EMED Mining Public Limited in September 2006.

At last we are now fully permitted for production to commence 3rd quarter 2015. :-)

Final Permitting Obtained

RNS

RNS Number : 9943C
EMED Mining Public Limited
23 January 2015

AIM: EMED
TSX: EMD

EMED Mining Public Limited
("EMED" or the "Company")


Final Permitting Obtained

EMED Mining is pleased to announce that its wholly owned operating subsidiary EMED Tartessus ("EMEDT"), the holding company for the Rio Tinto Copper Project ("Proyecto Rio Tinto"), has received during a meeting with regional authorities at the Rio Tinto Mine the formal communication from the Mining authorities of the Government of Andalucía ("Junta de Andalucía") that the Resolution containing the granting of the Mining Permit for the Project has been signed. This global Mining Permit includes the approval of the Restoration Plan.

The granting of the Mining Permit and approval of the Restoration Plan are the last significant regulatory approvals required to be obtained by EMEDT before normal mining and processing operations can commence at Proyecto Rio Tinto during the third quarter of 2015.

During the first and second quarters of 2015 the Company will continue with construction and repair activities that have been ongoing at the Project since last summer. There are over 200 full-time employees together with numerous contractors working on site focussing mainly on plant and infrastructure refurbishment. The Company is targeting commissioning to commence during the third quarter of 2015.

In addition, selected mining and drilling contractors are working to optimise the production plan for the first five years of mining and preparing to start first mining activities during the second quarter of 2015.

Mining Permit and Restoration Plan Approval

The granting of the mining permit includes, as required by law, the approval of the Restoration Plan submitted by the Company. One of the conditions established by the Mining Permit is the placement by the Company to the Junta de Andalucía, within a stipulated period, of a Restoration Bond of €13.1 million. The Company is working with financial institutions to finalise arrangements for the bond.

The full content of the final Resolution containing the project approval will be sent to the company following the normal administrative procedure. It is expected that the Resolution will contain the project execution conditions to be fulfilled by the Company that are all in line with applicable Spanish laws.

The Company remains in close contact with its three key shareholders plus other key parties in order to finalise the funding of the Phase 1 development enabling the Company to achieve a 5Mtpa base case production as well as formally analysing the best options for a Phase 2 expansion that could take the planned production beyond the original 9 Mtpa feasibility case.

Alberto Lavandeira, CEO of the Company commented: "The approval of the Mining Permit is a major historic milestone for Proyecto Rio Tinto and paves the way for commissioning to commence in the third quarter of this year. On behalf of the Board of Directors I want to congratulate the team at Proyecto Rio Tinto who have undertaken a significant amount of work to achieve this key milestone. I would also like to thank the key shareholders for their constant and loyal support. The Company continues to work with its major stakeholders to finalise financing arrangements for the Phase 1 development of Proyecto Rio Tinto as well as analysing the best expansion options and I look forward to providing further updates in due course."

23 January 2015

Enquiries

EMED pleased with Rio Tinto project progress
StockMarketWire.com
EMED Mining Public Limited is pleased with the rapid progress being made in the development of the Rio Tinto copper project.

EMED said that having obtained final permitting, as announced on 23 January, the vompany has continued to focus on further developing onsite operations ahead of commencing mining and processing operations during the third quarter of 2015.

In December, the company agreed a US$30m unsecured bridge loan with its three largest shareholders, Trafigura Beheer BV, Orion Mine Finance (Master) Fund I LP and Hong Kong Xiangguang International Holdings Limited, an affiliate of Yanggu Xiangguang Copper Co. Limited.

The purpose of the loan was to allow continued project development while a financing package is finalised in order to complete phase 1 development and a potential expansion project.

The company's current cash position is approximately 10m with a further US$6m available under the loan, subject to the consent of the lenders.

The company is confident that its current cash position of 10m is sufficient to last through the first quarter of 2015 and potentially beyond with the Company maintaining the flexibility to reduce planned expenditures if required. The Company presently expects that this is sufficient to complete negotiations of the global financing package without project delays.

The latest capital forecast to complete phase 1 development indicates the potential for up to US$50m savings previously reported by the Company are likely to be achieved.

EMED continues to rapidly progress site development. During the last four months, the Company has completed selection and hiring of operational personnel. In total, there are currently over 200 EMED employees and over 250 contractors on site.

Chief executive Alberto Lavandeira said: "We are very pleased by the rapid progress being made in the development of onsite operations and at costs that are trending well below original estimates. The project is based in an extremely prospective region and we are pleased with the continued support from the Junta, the local communities and our existing shareholders as we work towards the start up of production. We remain in advanced discussions with our funding partners and are confident of securing the financing for the re-start of production without delays to the Company's anticipated timetable."

EMED Mining - The 102nd Minesite Forum

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Listen: CEO, Alberto Lavandeira, EMED Mining discuss the award of Municipal activity licence

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