Company Information for EMED Mining

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Company Statement
The principal activity of AIM-listed EMED Mining (Code:EMED) 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 which hold the most potential to add major value.
The Rio Tinto Mine and associated processing infrastructure in Spain continues to be an exceptional opportunity for EMED Mining to produce copper at a relatively low acquisition and start-up cost. The legal structure for the mine ownership has been clarified and EMED Mining now conditionally owns 100% of the Rio Tinto Mine.
At the Biely Vrch Prospect in Slovakia, a substantial drilling program has culminated in an initial JORC Code-compliant Mineral Resource estimate of 1.1 million ounces of contained gold. The preliminary economics of mining Biely Vrch are very encouraging and further evaluation work is planned. Porphyry gold deposits such as Biely Vrch typically occur in clusters and exploration continues to provide encouragement that further large porphyry gold deposits will be discovered within our large licence area in central Slovakia.
EMED Mining also owns 32% of AIM-listed KEFI Minerals Plc, which is primarily exploring for gold and copper in Turkey and Saudi Arabia.
Regional Strategy
The Group's region of interest is the Mesozoic to Tertiary age tectonic belt that winds from Europe to the Middle East, extending for over 3,000 kilometres.
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 Mining sees both challenge and opportunity.
Current Operations
Projects
EMED Mining has now established a strong position in the following areas within its area of interest:
- EMED Mining continues to progress towards becoming a significant copper producer at the historic Rio Tinto Copper Mine in Spain - an exceptional opportunity to produce copper at a relatively low acquisition and start-up cost.
- Exploration in Slovakia is focussed on the recently recognised porphyry gold district where EMED Mining has discovered a porphyry gold deposit containing 1.1 million ounces of contained gold at the Biely Vrch Prospect. A studyscoping the potential development of Biely Vrch is underway and drilling is planned for several other prospects within EMED Mining's large 100%-owned licence areas in the Central Slovakian Volcanic Field.
- Cyprus exploration areas are centred on the Troodos ophiolite complex. The targeted mineralisation style is volcanic-hosted massive sulphide copper deposits under shallow cover rocks, similar to the larger past Cyprus copper mines - three of which exceeded 10 million tonnes of ore running at grades between 1% and 4.5%.
- KEFI Minerals Plc was admitted to AIM in December 2006 and is 32%-owned by EMED Mining. KEFI Minerals owns carefully selected licence areas in Turkey and Saudi Arabia, as well as an extensive proprietary database of regional and specific exploration data providing a pipeline of further projects to evaluate. Visit www.kefi-minerals.com for further information.
Geographical Spread

Board of Directors and Key Management
| Board of Directors | |
| Ronnie Beevor | Non-Executive Chairman |
| Aristidis (Harry) Anagnostaras-Adams | Managing Director |
| John Leach | Finance Director |
| Dr Ross Bhappu | Non-Executive Director |
| Mr Aswath Mehra | Non-Executive Director |
| Gordon Toll | Non-Executive Director |
| Senior Management | |
| Mr Ron Cunneen | Group Head of Exploration |
| Dr Demetrios Constantinides | Group Head of External Relations |
| Mr William Enrico | Group Chief Operating Officer, |
| Mr Lakis Katsamas | Group Financial Controller |
| Mr Dereck Guilfoyle | Drilling Manager |
| Dr Nicos Adamides | Exploration Project Manager |
| Mr John Ingram | Project Geologist |
Company Address1, Lambousa Street
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Additional Address/Key ContactCyprus Office: |
Capital309,606,426 ordinary shares on issue |
Annual General MeetingTBA | Year End31 December |
Nominated BrokersFox-Davies Capital Limited | Nominated AdvisorsRFC Corporate Finance |
Broker/Analyst Reports
11/05/09 - Edison Research - Back on track?
06/02/09 - Fox-Davies Capital Note on Quarterly Report
04/02/09 - Equity Development - Down but not out
17/07/08 - Edison Investment
11/07/08 - Hardman Research
09/07/08 - Fox Davies Flash Note
Major Shareholders
| As at 30 July 2009, the significant shareholders in the Company are: | |
| Resource Capital Funds | 13% (fully-diluted 29%) |
| RMB Holdings | 4% (fully-diluted 9%) |
| MRI Group | 10% (fully-diluted 6%) |
| OZ Minerals | 8% (fully-diluted 5%) |
| Altima Partners | 5% (fully-diluted 3%) |
| Standard Life | 4% (fully-diluted 3%) |
| Fidelity International | 3% (fully-diluted 3%) |
| Management and Board of Directors | 6% (fully-diluted 13%) |
Related News
07/10/09 - Political Support in Spain For EMED To Re-Start The Rio Tinto Copper Mine Gathers Force04/03/09 - With Gold And Copper Assets, EMED Mining Offers Safety In The Bad Times And Exposure To Any Future Economic Recovery
11/09/08 - EMED Mining Is Confident That Permits For Rio Tinto Will Be Close To Completion By The End Of September
18/06/08 - Attendees At EMED Mining’s Next AGM Will Hear The Deafening Sound Of An Operation Ramping Up At Rio Tinto
Most Recent Statement
03/03/10 - Biely Vrch and Slovakia gold exploration update16/02/10 - Proyecto Rio Tinto Update
10/02/10 - Preliminary Review Issued by Ministry of Environment for the Restart of the Rio Tinto Mine (or "PRT")
02/02/10 - Proyecto Rio Tinto Update
01/02/10 - Quarterly Report
14/01/10 - Update of Site Activities at Rio Tinto Mine



