Company NewsEMED Mining (LON:EMED) – Timing on Environmental Permitting• There is a good chance that EMED will get its environmental permit for the restart of the Rio Tinto project by the end of this year.• Scope for environmental approval to be in place is based on open statements by the Junta de Andalucia.• The Junta had a stand at Mines and Money and spoke openly about their optimism that the Environmental Agency will be able to approve the environmental permit for the project by the end of this year.• The environmental permit is the pre-cursor to get Administrative standing.• Susana Diaz Pachero, the newly vested President of the Junta de Andalucia and her team are keen to give positive signals on the re-commencement of mining in the region.• At the stand the Junta were talking about plans to tender the licence for the Los Frailes lead-zinc mine at Azmalcollar near Seville,• This is mine that had been run by Boliden before there was a tailings dam failure in 1998 resulting in 4.5m cubic meters of toxic tailings being released in the Rio Agrio.• This was an environmental disaster at the time with slurry covering several thousand hectares of farmland.Conclusion: The environmental permitting of the Rio Tinto project will be a key milestone for the project. Once this is in place, the process for full permitting should be a matter of course. Other issues will then need to be ironed out including how environmental liabilities will be handled and the terms of project financing.The fact that the Junta are contemplating the tendering of licences at Azmalcollar would suggest a shift in the way adminstrators in Andalucia are thinking about mining projects and augurs well for EMED.
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