EMED Mining Public Limited, the Europe-based minerals development and exploration company, provides the following update in relation to the permitting process for the Rio Tinto Copper Project (“Proyecto Rio Tinto”).
The Company continues to maintain a positive dialogue with the Junta de Andalucia (the “Junta”) and has made significant progress during 2014. As announced on 14 November 2014 it has submitted both the Final Restoration Plan together with the Mining Permit application together with the associated reports and studies required by the Junta as part of the permitting process. Following further discussions with the Junta and the finalisation of the Bridge financing announced on 24 December, the Company now expects to receive the approval of the Final Restoration Plan and the Mining Permit by the end of January 2015 following which the Company will be fully permitted to enable full scale mining and processing operations.
Alberto Lavandeira, Chief Executive Officer of the Company commented: “The Company has progressed rapidly over the last 12 months and we are focused on a strong co-ordinated development process in the year ahead as we move towards production. Proyecto Rio Tinto is hugely significant to the region and we are delighted to be at the forefront of developing this project in conjunction with our cornerstone investors and local authorities.”
Further updates will be made as appropriate.
EMED Mining Roger Davey/ Alberto Lavandeira Adan +34 959 59 28 50
Canaccord Genuity Neil Elliot/Mark Palmer +44 207 523 8000
Fox-Davies Capital Oliver Stansfield +44 203 463 5061
Walbrook PR Nick Rome +44 207 933 8783
For further information on the Company's activities, visit www.emed-mining.com.