|By Marketwired .||
|July 31, 2014 01:22 PM EDT||
NICOSIA, CYPRUS -- (Marketwired) -- 07/31/14 -- EMED Mining PLC ("EMED Mining, "EMED" or the "Company") (TSX: EMD) (AIM: EMED) The Company has been notified that RMB Australia Holdings Limited ("RMB") has disposed of 35 million ordinary shares ("Ordinary Shares") of EMED, effective 30 July 2014, at a price of GBP 0.09 per Ordinary Share. Following this disposal, RMB has an interest in 30,856,481 Ordinary Shares, representing approximately 2.5% of the outstanding Ordinary Shares.
EMED Mining Isaac Querub/Alberto Lavandeira +34 959 59 28 50 RFC Ambrian Samantha Harrison +44 203 440 6800 Fox-Davies Capital Oliver Stansfield +44 203 463 5061 Proconsul Capital Andreas Curkovic +1 416 577 9927 Walbrook PR Nick Rome +44 207 933 8783
For further information on the Company's activities, visit www.emed-mining.com
Notes to Editors: About EMED Mining Public Limited
EMED Mining was admitted to trading on the AIM market of the London Stock Exchange in May 2005 and on the Toronto Stock Exchange in December 2010.
The Company is committed to responsible development of metals production in Europe, with an initial focus on copper and gold.
EMED Mining is focused on the planning and permitting for the restart of its wholly-owned Rio Tinto Copper Project, with its existing processing plant and other infrastructure already in place.
With mining rights now granted, EMED Mining is focusing on developing on-site mining operations with a view to achieving production as quickly as possible (subject to receiving all the necessary further licences and raising the necessary finance).
With an established reserve of 123Mt @ 0.49% Cu (606 kt of contained Cu) and infrastructure in place, resuming production at the Rio Tinto Copper Project will be relatively low cost and near term. Targeting a first stage base case production of 5mtpa in 2015, the Company will focus on increasing production and growing the already established reserve base.
The Rio Tinto Copper Project is located on the world's largest volcanogenic massive sulphide system. The initial focus will be on the Cerro Colorado Pit with further growth opportunities coming from the development of the San Dionisio and San Antonio Mines.
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