Emed Mining
EMED Mining says Rio Tinto permit applications progressing well
EMED Mining (AIM: EMED) said the permit application process in relation to restarting the Proyecto Rio Tinto ('Rio Tinto') copper mine in Spain’s Iberian Pyrite Belt in Andalucia is progressing well, and now the company turns to environmental aspects.
Managing director Harry Anagnostaras-Adams said: “Once the permitting process is formally completed, we will establish the production management teams and workforce recruitment procedures and seek shareholder and financier approvals.”
The mine hosts a JORC-standard resource of 940,000 tonnes of contained copper (205 million tonnes at 0.46% copper) and a mineable reserve of 585,000 tonnes of contained copper (123 million tonnes at 0.48% copper). Processing facilities – on care and maintenance since the mine was closed in 2000 due to low prevailing copper prices - include a processing plant, tailings facility and waste dumps.
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