EMED Mining: Permitting Update
03.06.2013 | Marketwired
NICOSIA, CYPRUS -- (Marketwired) -- 06/03/13 -- EMED Mining (TSX: EMD) (LSE: EMED)
AIM: EMED
TSX: EMD
03 June 2013
EMED Mining Public Limited
("EMED Mining" or the "Company")
Spanish Supreme Court ruling consistent with EMED Mining's permitting
approach
EMED Mining, the Europe-based minerals development and exploration
company, is pleased to announce that a final court ruling in the
Supreme Court of Spain has confirmed that the approach adopted by the
Company for the permitting of the Rio Tinto Copper Project is correct.
The Court ruled that administrative standing is indeed a pre-requisite
for triggering the project.
The outcome of the case, while pleasing for EMED Mining, could not and
did not have any impact on the Company's ownership of the Rio Tinto
Copper Project or its application for administrative standing.
The only potential impact the case could have had was to remove the
need to apply for administrative standing. However, this was never
considered as a real possibility by the Company in this dispute between
a past project vendor and the Junta de Andalucia.
Harry Anagnostaras-Adams, EMED Mining's Managing Director and CEO,
said: "This case between a third party and the Junta de Andalucia was
not a concern to EMED Mining but it is nevertheless pleasing that the
outcome reaffirms our analysis of the issues that were being considered
and also the approach we adopted upon acquiring in 2008 outright
ownership and control of the Rio Tinto Copper Project."It is a world class
project which has attracted more than its share of
complexity and it is pleasing that it continues to simplify itself
partly through our efforts and partly as a result of the efforts of the
Junta de Andalucia."
For more information, please contact:
EMED Mining Harry Anagnostaras-Adams +357 9945 7843
RFC Ambrian Stuart Laing +61 8 9480 2500
Fox-Davies Capital Susan Walker +44 203 463 5022
Bishopsgate Communications Nick Rome +44 207 562 3350
Proconsul Capital Andreas Curkovic +1 416 577 9927
This information is provided by RNS
The company news service from the London Stock Exchange
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