Print   

Wednesday 01 July, 2009

EMED Mining Public

Proyecto Rio Tinto - Copper P

RNS Number : 8786U
EMED Mining Public Limited
01 July 2009
 



AIM: EMED                                                                                                                          1 July 2009

RIO TINTO MINE - COPPER PROJECT UPDATE

Continued Progress Towards Production Restart 


EMED Mining Public Limited (the 'Company'), the AIM quoted mining exploration and development company, is pleased to update shareholders regarding developments at its Rio Tinto Mine. Continued progress of the permitting process relating to the start-up of production has led the Company to implement a number of steps as follows:

  • Having submitted the principal project applications and consulted Spanish experts on the various remaining aspects, the Company will shortly submit the other principal documentation for permitting - the environmental assessment and improvement plans;

  • Having established excellent relations with local government and regulatory authorities, the Company has appointed additional expert Spanish advisers for corporate social responsibility policy and monitoring going forward;

  • Having recently acquired 100% ownership, the senior executives of the Group have been appointed to the Boards of the now wholly-owned Spanish subsidiaries EMED Spain and EMED Tartessus;

  • Having installed our own site leadership team, the Company continually refines detailed planning for operational start-up including improvements to infrastructure, operating practices and the condition of the site.

Group Managing Director and Chairman of     the subsidiaries, Harry Anagnostaras-Adams said -

'The permit application process is progressing well and now the Company turns to environmental aspects. We are pleased that studies show that the condition of the Rio Tinto Mine site will be improved significantly by implementing our polices and plans. 

'Once the permitting process is formally completedwe will establish the production management teams and workforce recruitment procedures and seek shareholder and financier approvals.'

Enquiries

EMED Mining

Fox-Davies Capital

RFC Corporate Finance

Bishopsgate Communications

Harry Anagnostaras-Adams

Jason Bahnsen

Stuart Laing

Nick Rome

+357 9945 7843

+44 (0)207 936 5230

+618 9480 2500

+44 (0)207 562 3350



This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DRLRBMPTMMTMMBL

Investegate takes no responsibility for the accuracy of the information within the site.


The announcements are supplied by the denoted source. Queries about the content of an announcement should be directed to the source. Investegate reserves the right to publish a filtered set of announcements. NAV, EMM/EPT, Rule 8 and FRN Variable Rate Fix announcements are filitered from this site.



Investegate      © 2012 FE. All rights reserved.