ENP Newswire - 13 June 2014
Release date- 12062014 - EMED Mining Public Limited is pleased to announce that its shareholders passed all of the resolutions proposed at of the Company's Annual General Meeting held at 12:00 pm today at the offices of Field Fisher Waterhouse LLP, 9th Floor, Riverbank House, 2 Swan Lane, London EC4R 3TT, United Kingdom.
At the AGM, all resolutions were passed and the shareholders re-elected Ronnie Beevor, Isaac Querub, Alberto Lavandeira, Roger Davey, Robert Francis, Hui Liu, Jose Nicholas Sierra Lopez and Ashwath Mehra to the Company's Board of Directors.
For further information on the Company's activities, visit www.emed-mining.com
About EMED Mining Public Limited
EMED Mining was admitted to trading on the AIM market of the London Stock Exchange in May 2005 and on the Toronto Stock Exchange in December 2010. The Company is committed to responsible development of metals production in Europe, with an initial focus on copper and gold. The strategy is to evaluate and prioritise metal production opportunities in several jurisdictions throughout the well-known belts of base and precious metal mineralization in the European region.
EMED Mining is focused on the planning and permitting for the restart of its wholly-owned Rio Tinto Copper Project, with its existing processing plant and other infrastructure already in place. With mining rights now granted, EMED Mining is focusing on developing on-site mining operations with a view to achieving production as quickly as possible.
With an established reserve of 123Mt @ 0.49% Cu (606 kt of contained Cu) and infrastructure in place, resuming production at the Rio Tinto Copper Project will be relatively low cost and near term, enabling EMED Mining to become a key player in the copper market. Targeting a first stage base case production of 5mtpa in 2015, the Company will focus on ramping up production and growing the already established reserve base.
The Rio Tinto Copper Project is located on the world's largest volcanogenic massive sulphide system. The initial focus will be on the Cerro Colorado Pit with further growth opportunities coming from the development of the San Dionisio and San Antonio Mines.