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Tuesday, 6 August 2013
EMED Mining excited about Andalucia's mining resurgence as permitting progresses
EMED Mining (LON:EMED, TSE:EMD) is progressing the permitting process for its Rio Tinto copper mine and looks forward to taking part in the "strong resurgence" of mining in Andalucia in 2014.
Updating on progress in July, the firm said it had received the report by the government's expert CEDEX relating to the tailings management facility at the mine.
This related to one of the two remaining conditions for the granting of the 'administrative standing' - the key approval needed for the development.
The other was approval of the environmental plan, which has already gone through public comment and regulatory review.
EMED also told investors that the regional government had confirmed it aims to give the go-ahead on the administrative standing and the environmental plan by the end of 2013.
It also highlighted that in July, Spanish executives had been appointed to the mining firm's management to oversee the company's initial project evaluation and planning.
EMED managing director and chief executive Harry Anagnostaras-Adams, said: "The status of the various procedures, such as the punctual report from CEDEX, serve to advance the administrative process as directed by the regulatory authorities.
"We look forward to 2014 to participate in the current strong resurgence of mining in Andalucia, which reflects the Government's recently announced policy initiatives in this regard."