Emed Mining Public Ltd mining released today it’s quarterly report for the period ending 31 December 2009.
The principal activity of AIM-listed 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 the 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. EMED Mining is focused on two key projects in Spain and Slovakia.
EMED revealed it is working with the Andalucian authorities to gain permission to restart production at the RIo Tinto Mine in 2011.
In Slovakia, the Group has started to submit applications for development of the Biely Vrch Gold Deposit.
MD Harry Anagnostaras Adams says:
"2010 promises to be a transformative year for EMED Mining as we progress towards commencing copper production at the Rio Tinto Mine and gold development at Biely Vrch."
EMED Mining owns 100% of its subsidiaries in Spain and Slovakia, which in turn own 100% of the projects in those countries. Current share price is 12 pence per share and market cap is GBP40 million.
