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.
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.
EMED Mining has now established a strong position in the following selected zones:
- 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 gold discoveries at Biely Vrch, Kralova and Slatinske Lazy in Slovakia.
- The mines in Cyprus and at Rio Tinto in Spain, located in the Iberian Pyrite Belt, are probably amongst the best known in the world. 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..
EMED Mining also owns 32% of AIM-listed KEFI Minerals Plc, which is primarily exploring for gold and copper in Turkey.
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.
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.EMED Mining's strategy is to rapidly evaluate exploration opportunities in several jurisdictions throughout this quality mineral belt with a relatively high rate of project turnover.
EMED Mining has now established exploration interests in Cyprus, Eastern Europe, Spain and the Caucasus.
The Company intends to continue to prospect specific mineralised belts across the region, largely ignoring political borders to develop a balanced portfolio of geographically diverse opportunities across a range of countries. It is intended that prospects will be prioritised for consideration on the following basis:
- a history of previous production or exploration;
- the opportunity for the Group to apply the most up to date exploration techniques; and
- the potential to recover at least 150,000 tonnes of copper or 1 million ounces of gold.
Current Operations
Projects
EMED Mining has now established a strong position in the following areas within its area of interest:
- 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, 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.
- Exploration in Slovakia is focussed on the recently recognised porphyry gold district where EMED Mining has discovered porphyry gold deposits at the Biely Vrch, Kralova and Slatinske Lazy Prospects. Further drilling of these prospects is planned for 2008 as well as other prospects within its large 100%-owned licence areas in the Central Slovakian Volcanic Field
- Spain was added to the portfolio in May 2007 when EMED Mining was granted an option to acquire Proyecto de Rio Tinto, a copper mine and processing plant in Spain. The mine was placed on care and maintenance in 2001 due to then-prevailing low copper-metal prices of below $US1.00/lb.
Geographical Spread

Board of Directors and Key Management
| Board of Directors
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| Ronnie Beevor | Non-Executive Chairman
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| Aristidis (Harry) Anagnostaras-Adams | Managing Director
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| John Leach | Finance Director
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| Dr Michael Price | Non-Executive Director
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| Gordon Toll | Non-Executive Director
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| Senior Management
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| Mr Ron Cunneen | Group Head of Exploration
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| Dr Demetrios Constantinides | Group Head of External Relations
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| Mr William Enrico | Group Chief Operating Officer,
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| Mr Lakis Katsamas | Group Financial Controller
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| Mr Dereck Guilfoyle | Drilling Manager
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| Dr Nicos Adamides | Exploration Project Manager
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| Mr John Ingram | Project Geologist |
Company Address
1, Lambousa Street Nicosia, Cyprus 1095
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| Additional Address/Key Contact
Registered Office: 1, Lambousa Street, Nicosia 1095, Cyprus.
Cyprus Office: 3, Ayiou Demetriou Street, Acropolis 2012, Nicosia, Cyprus Telephone: +357 2244 2705 Fax: +357 2242 1956
Slovakia Office: Andreja Kmeta 8, Banska Stiavnica 969 01 , Slovakia Telephone: 421 45 679 0775
Spain Offices: La Dehesa s/n, Minas de Riotinto, 21660 Huelva, Spain Telephone: +34 959 592850
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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
| As at 27 May 2008, EMED Mining has:
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| * 199.6 million shares on issue and does not hold any shares in treasury | and
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| * 36.7 million options and warrants on issue, with various exercise prices and expiry dates.
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| Other than under corporate law, there are no restrictions on the transfer of any securities.
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| As at 27 May 2008, the significant shareholders in the Company are:
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| * Oxiana Limited (12%)
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| * Resource Capital Funds (11%)
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| * Board of Directors (8%)
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| * RMB Australia Holdings Limited (5%)
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| * Fidelity International Limited (5%)
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| * Altima Partners (4%)
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| The percentage shareholding shown above for the Board of Directors also represents the percentage of shares not in public hands. |
Related News
11/09/08 -
EMED Mining Is Confident That Permits For Rio Tinto Will Be Close To Completion By The End Of September18/06/08 -
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
01/12/08 -
UPDATE ON GOLD EXPLORATION IN SLOVAKIA25/11/08 -
Extension of Mine Life Plan14/11/08 -
APPOINTMENT OF LEAD-ARRANGER FOR FINANCING 31/10/08 -
Quarterly Report21/10/08 -
Appointment of Director01/10/08 -
Restructure Of Rio Tinto Project Acquisition