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Market: N/A
Sector: Media & Publishing
Epic: PROACTIVE
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Web Site: Proactiveinvestors
Other Articles: 10-03-201022-02-201018-02-2010
Monday, February 23, 2009

EMED Mining, Firestone Diamonds, European Nickel, and Solomon Gold to present at One2One Forum, 26 February

by Proactiveinvestors company news image

The line-up is now 100% confirmed - EMED Mining (AIM: EMED), Firestone Diamonds (AIM:FDI), European Nickel (AIM:ENK) and Solomon Gold (AIM: SOLG) will be presenting at our investor forum on 26 February 2008 (CLICK HERE TO REGISTER)!


EMED Mining has plenty to update us on, and will probably struggle to pack it all in the 30 minute time slot Harry Adams will have.  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 Middle East 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. We are looking forward to hearing how the company is progressing at its gold discovery in Slovakia, and also hear how it plans to tackle the historic Rio Tinto copper mine in Spain.

Investors interested in junior copper plays, including Finders Resources, Discovery Metals and Central China Goldfields will no doubt find Harry’s views on the current copper price very interesting.


Phil Kenny of Firestone Diamonds also has no shortage of news to update us on. The landscape for both explorers and producers has changed dramatically in the past six months, and we look forward to hearing how Firestone is adapting.  Based on the news flow over the past few weeks, Firestone Diamonds certainly doesn’t appear to be slowing the pace, and has continued to drive ahead with the evaluation of the BK11 kimberlite in Botswana which could in theory come into production in 2010/2011, quite possibly in time to coincide with a pickup in demand for gemstone quality diamonds.  


The company also announced this week that it has been named preferred bidder - jointly with ADP Projects - to build a modular tailings dump treatment plant at Debswana Diamond Co’s Jwaneng mine in Botswana; contract negotiations have begun and are expected to be completed in the third quarter of 2009. Debswana is a joint venture between the government of Botswana and De Beers, and Jwaneng is the largest diamond mine in the world by value. 

Investors interested in Gem Diamonds, Gemfields, Petra Diamonds or African Diamonds will undoubtedly find Phil Kenny’s insight into the African diamond sector valuable.


European Nickel probably takes the award for most substantial news this week from the natural resources sector. It was a one-two punch, after it announced a financing agreement with Chinese partners for the Caldag nickel laterite project in Turkey a day after it said it received a crucial permit from the authorities allowing it to take the project further. Under the agreement, China Tianchen Engineering Corporation (TCC) will provide a credit guarantee of up to US$350 million to enable a consortium of predominantly Chinese banks to arrange project financing for Caldag.  European Nickel has also agreed that Jiangxi Rare  Earth and Rare Metals  Tungsten Group will  acquire a 20 percent equity  interest in  the project for US$20 million and an offtake  deal for 50 percent of the mine's nickel  production. European Nickel’s simple, low cost heap leach process offers a competitive edge over conventional nickel laterite HPAL processing.
The market certainly understood the weight of the two updates, pushing the company’s shares 200% higher in two days.  


Investors familiar with Rusina Mining, Toledo Mining, Mindoro Resources, Landore Resources or Talvivarra Mining will find European Nickel's presentation of interest.

Solomon Gold (AIM: SOLG) is also another company that has been in the headlines recently.  The company has been working hard in the Solomon Islands for the past two years, explorer for larger copper-gold deposits.  All eyes turned on Solomon Gold in November 2008 when it announced that it was in discussions with Newmont Mining to earn into five of its projects. The initial agreement outlined a 5 year, US$12 million exploration budget which would give Newmont Mining the option to take 70% in the projects.  Nicholas Mather, CEO of Solomon Gold will be presenting. Mr. Mather recently invested futher capital into Solomon Gold via a convertible bond, which took his stake to 20.7% of the Company.

Investor's interested in Allied Gold or Nautilus Minerals will no doubt find Nicholas' experiences insightful.   

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