Midlands Minerals Corp

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Company Information for EMED Mining

Company stock charts - 12 Month chart

Exchange AIM; EMED


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Company Statement

EMED Mining is focused on becoming the leading explorer and developer of natural resources in the Eurasian region. In September 2006, shareholders approved the change of Company name from Eastern Mediterranean Resources Public Limited to EMED Mining Public Limited

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 o f 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
Harry Anagnostaras-Adams Managing Director
John Leach Finance Director
Gordon Toll Non-Executive Director
Dr Michael Price Non-Executive Director
Ron Cunneen Chief of Exploration
Dr Demetrios Constantinides Chief of Regional Development

Company Address

1, Lambousa Street
Nicosia, Armenia, American Samoa 1095

Telephone:+357 2244 2705
Facsimile:+357 2242 1956
Email:info[at]emed-resources.com
Website:http://www.emed-mining.com

Additional Address/Key Contact

www.emed.tv

Annual General Meeting

TBA

Year End

31 December

Nominated Brokers

Fox-Davies Capital Limited
GMP Securities Europe LLP
Lewis Charles Securities Ltd

Nominated Advisors

RFC Corporate Finance

Broker/Analyst Reports

14/01/08 - Fox Davies Capital Flash Note
08/11/07 - Fox Davies Capital
01/11/07 - Fox Davies Capital
30/10/07 - Hardman & Co.
05/10/07 - Edison Investment Research
02/08/07 - Fox Davies Capital

Major Shareholders

Management and Board (16%)
Oxiana Limited (12%)
Gold Fields Limited 9%)
RMB Australia Holdings Limited (5%)
Fidelity International (4%)
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 Tinto
06/12/07 - EMED’s Market Capitalisation Lags The Value Of Its Assets By Some Way
01/11/07 - Two Undervalued Miners?
14/05/07 - EMED Mining Hopes To Make Swift Move Into Spanish Copper Production
07/02/07 - Commodity Watch Radio: Riding the Commodities Bull - An Exclusive Interview with Jim Rogers

Most Recent Statement

13/06/08 - 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
04/06/08 - Results of Annual General Meeting
27/05/08 - Results of Extraordinary General Meeting
07/05/08 - EMED Mining to Raise £10 million in Oversubscribed Placing

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