Company Information for EMED Mining
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Company Statement
EMED Mining is focused on becoming the leading explorer and developer of natural resources in the Eurasian region.
During 2007, EMED Mining discovered a new gold province in Slovakia and obtained an option over the Rio Tinto Mine and processing infrastructure in Spain.
Many parts of the Eurasian region have a rich mineral endowment but remain under-explored. EMED Mining focuses on mineralised belts that span the region from Slovakia to Iran. The Group’s strategy is rapidly to evaluate exploration and acquisition opportunities in various countries throughout this quality mineral belt with a relatively high rate of project turnover.
EMED’s team is based in Cyprus - in the heart of the region as it acknowledges that it cannot achieve its aims by being based outside the region. The multi-lingual team has a proven exploration record which includes significant roles in discoveries of economic deposits in Australasia, Cyprus and Greece, as well as a track record in strong community relations and positive environmental results.
Current Operations
EMED Mining has now established a strong position in the following zones within its area of interest:
- Exploration areas in Slovakia are centred on a cluster of volcanic centres. Low-detection geochemical methods are being applied to these areas for the first time together with open pit bulk mining concepts. The principal targeted mineralisation style is low-grade, bulk-mineable porphyry gold. The company has announced a gold discovery at Biely Vrch in Slovakia.
- The mines at Rio Tinto in Spain are probably amongst the best known in the world. They are, with the possible exception of those in Cyprus, the oldest capable of still being worked. EMED Mining’s goal is to restart copper production at its projects in both of these well-endowed, historical mining districts. Both Spain and Cyprus are progressive members of the European Union and EMED Mining has been made to feel welcome in both host countries. The styles of mineral deposits and production techniques are similar in both mining districts. A goal of the Company is complete the acquisition of an initial 51% interest in and to restart production at Proyecto de Rio Tinto (“PRT”) in 2008 and commence producing significant cash flows and profits. This remains subject to satisfaction of conditions precedent, the principal one of which is regulatory consent to the restart.
- EMED Mining’s main prospects in Georgia are gold prospects within the Upper Racha Licence, the country’s largest minerals licence with many untested prospects. The Company has confirmed Russian Resources of 1.0 million ounces gold at the Zopkhito Prospect and discovered high grade mineralisation at surface at other prospects.
- Exploration areas in Turkey were vended into 34%-owned KEFI Minerals Plc which was admitted to AIM in December 2006. KEFI Minerals owns carefully selected licence areas in Turkey, as well as an extensive proprietary database of regional and specific exploration data providing a pipeline of further projects to evaluate. The KEFI Minerals team has mobilized into the field to explore the company’s tenements and to expand the portfolio of licenses as opportunities warrant. See www.kefi-minerals.com
Significant recent political changes in the region provide opportunities as well as challenges. The lack of recent mine developments in many countries has caused lack of familiarity with the risks and rewards of mining. In this lack of empathy, EMED sees both challenge and opportunity.
Geographical Spread

Board of Directors and Key Management
| Ronnie Beevor | Chairman
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| Harry Anagnostaras-Adams | Managing Director
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| John Leach | Finance Director
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| Gordon Toll | Non-Executive Director
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| Dr Michael Price | Non-Executive Director
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| Ron Cunneen | Chief of Exploration
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| Dr Demetrios Constantinides | Chief of Regional Development |
Company Address
1, Lambousa Street Nicosia, 1095
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| Additional Address/Key Contact
www.emed.tv>/>>/> |
Capital199.6 million shares and 36.7 million options (as at 27 May 2008). |
Annual General MeetingTBA | | Year End31 December |
Nominated Brokers
Fox-Davies Capital Limited
GMP Securities Europe LLP
Lewis Charles Securities Ltd | | Nominated AdvisorsRFC Corporate Finance |
Broker/Analyst Reports
17/07/08 - Edison Investment
11/07/08 - Hardman Research
09/07/08 - Fox Davies Flash Note
14/01/08 - Fox Davies Capital Flash Note
08/11/07 - Fox Davies Capital
01/11/07 - Fox Davies Capital
Major Shareholders
| Management and Board | (16%)
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| Oxiana Limited | (12%)
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| Gold Fields Limited | 9%)
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| RMB Australia Holdings Limited | (5%)
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| Fidelity International (4%)
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| Resource Capital Funds (4%) |
Related News
18/06/08 -
Attendees At EMED Mining’s Next AGM Will Hear The Deafening Sound Of An Operation Ramping Up At Rio Tinto06/12/07 -
EMED’s Market Capitalisation Lags The Value Of Its Assets By Some Way01/11/07 -
Two Undervalued Miners?14/05/07 -
EMED Mining Hopes To Make Swift Move Into Spanish Copper Production07/02/07 -
Commodity Watch Radio: Riding the Commodities Bull - An Exclusive Interview with Jim Rogers
Most Recent Statement
26/08/08 -
EMED MINING QUARTERLY REPORT19/08/08 -
BIELY VRCH GOLD EXCITING INTERCEPT - 460 METRES AT 1.1G/T 08/08/08 -
Proactive Investors note on EMED Mining13/06/08 -
Confirmation of Third Porphyry Gold Discovery in Slovakia 12/06/08 -
Confirmation of Third Porphyry Gold Discovery in Slovakia 05/06/08 -
EMED Mining: US$100,000 Loan Conversion of Equity