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EMED Mining expects permitting to finish by end Q2

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Additional Information
Market: AIM
Sector: General Mining - Copper
EPIC: EMED
Latest Price: 6.75p  (-3.57% Descending)
52-week High: 14.88p
52-week Low: 6.88p
Market Cap: 79.46M
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Deal EMED Tax Free*
*subject to change and depends on individual circumstances.
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EMED Mining
www.emed-mining.com
Deal EMED Mining Tax Free* Losses can exceed
your initial deposit *subject to change and depends on individual circumstances.

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...

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Full EMED Mining profile here
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EMED Mining lifted by EGM approval for funding of Rio Tinto, Detva projects

August 12 2009, 2:44pm EMED Mining lifted by EGM approval for funding of Rio Tinto, Detva projects

Shares in EMED Mining Public Ltd (AIM: EMED) held onto gains throughout the London session today after saying this morning that shareholders at its EGM approved the issue of 38.1 million shares to raise £2.7 million net for progressing the Rio Tinto copper project in Andalucia, Spain, and paying off a loan to avoid shareholder dilution.

The stock was still trading up 6.25 percent in midafternoon deals.

EMED said today it has made significant progress over recent months at Rio Tinto and the company is enjoying a collaborative professional relationship with the authorities. The recent strong rise in copper prices and a good outlook for demand in the metal adds to EMED’s confidence about Rio Tinto.

Money from the placing will also help to fund its on-going drilling programme at the Detva gold project in Slovakia.

Managing Director Harry Anagnostaras-Adams said: “This funding will allow us to continue towards our goals of restarting production at the Rio Tinto mine and further developing our gold prospects in Slovakia where we are completing the scoping study on the potential gold mine development to follow after the proposed copper start-up in Spain.”

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