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EMED Mining appoints N M Rothschild asst director Roger Davey to the board

Published: 15:35 23 Apr 2010 BST

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EMED Mining (AIM: EMED) added a new non-exec director to the board, appointing Roger Owen Davey, who currently serves as assistant director and the senior mining engineer at N M Rothschild in the mining and metals project finance team.

In his current capacity Davey, who has been working in the mining industry for over thirty years, is responsible for the assessment of the technical risk associated with current and prospective project loans. His previous experience covered the financing, development and operation of both underground and surface mining operations in gold and base metals at senior management and director level in South America, Africa and the United Kingdom.

Davey’s previous positions included director, vice president and general manager of AngloGold’s Minorco subsidiaries in Argentina where he had the responsibility of developing the US$270 million Cerro Vanguardia gold-silver mine in Patagonia and operations director of Greenwich Resources with gold interests in Sudan and Australia.

“I am delighted that Roger Davey has joined our board.  Roger's previous experience complements the current corporate team and board in this period of progressing the company's key projects through permitting, development and into production,” said Chairman of EMED Mining Ronnie Beevor.

EMED’s two key project are the planned re-start of the Rio Tinto copper mine in Spain, with activities in the country currently progressing on track, and the Biely Vrch gold project in Slovakia. At Biely Vrch, the initial scoping study envisaged a mining operation of 3 Mt (million tonnes) of ore per annum and a recovered grade of 0.6 to 0.7 g/t (grammes per tonne) of gold to produce some 60,000 oz (ounces) per annum. The project has additional drill-confirmed potential below the current mineral resource of 41.7 Mt at 0.79g/t gold, containing 1.1 Moz (million ounces).

The Rio Tinto mine, whose re-start is planned for Q4 2010 and production in 2011, has a JORC-compliant mineral resource of 205 Mt (million tonnes) at 0.46% copper for 0.95 Mt of copper.

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