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EMED Mining said on Tuesday the impact of bank levies in Cyprus has been reduced. The company held €210,000 in a current account of a Cypriot bank for payment of local expenses along with deposits at other banks. When Cyprus temporarily suspended its banking operations last month, the company advi
Read moreAbbey Protection: Numis downgrades to hold with its target price at 120p. Aberdeen Asset Management: Bank of America raises target price from 425p to 455p keeping a neutral rating. JP Morgan moves target price from 498p to 532p, while its overweight rating remains unchanged. Exane BNP ups target pr
Read moreEMED Mining Public widened its losses in 2012 as it was hit by an increase in exploration and maintenance expenses. The European copper and gold miner incurred a loss before tax of €12.1m, a 6.1% increase from the previous year's loss of €11.4m. Exploration and care and maintenance expenses were
Read moreAIM-listed Europe-based minerals development and exploration company, EMED Mining, has noted the announcement by authorities in Cyprus of a proposed one-off levy of 6.75 per cent to 9.9 per cent on bank deposits. Based on the company's preliminary enquiries, the yet to be published legislation wou
Read moreAdvanced Medical Solutions: Investec takes target price from 68p to 74p and maintains a buy recommendation. Aggreko: Citigroup reduces target price from 2550p to 2100p, while keeping a buy rating. Ashtead Group: Citigroup raises target price from 590p to 660p leaving its buy recommendation unalter
Read moreEMED Mining, a Europe-based minerals development and exploration company, announced Monday that independent technical expert Behre Dolbear has completed an updated NI 43-101 technical report on its Rio Tinto Copper Project. The report endorsed EMED's planned base case annual production of existing
Read moreEurope-based minerals development and exploration company EMED Mining Public is maintaining its target base case production rate of 37,000 tonnes per annum copper-in-concentrate at the end of 2015, according to a statement issued by the company on Wednesday. In its quarterly operational update, EME
Read moreAIM-listed Europe-based minerals development and exploration company EMED Mining Public has published an update on progress at its Rio Tinto Copper project stating that estimated project costs remain within 10 per cent of recently published guidance. The update stated that operating costs for onsit
Read moreGold producer Medusa Mining has said that a fire has damaged around 120 metres of timbering at the Baguio Shaft belonging to its Philippines operating company Philsaga Mining Corporation. The fire was the result of sparks caused by welding activities. In response, the firm began processing stockpile
Read moreAllergy Therapeutics, a specialist pharmaceutical company focused on allergy vaccination, has welcomed the Food and Drugs Association's decision to lift the clinical hold on the company's grass pollen allergy vaccine clinical development programme, with immediate effect. Allergy has gained approval
Read moreBerkeley Mining Resources dropped 8% after it failed to complete due diligence on two copper tailing clusters at Chingola in Zambia. The company recently signed an agreement on one site in the area and investors had hoped a deal on the other two would be forthcoming. Berkeley said it continued to n
Read moreFaroe Patroleum hailed a 'truly exceptional year' for the company as it charged back into the black with pre-tax profits of £14.3m. This was a dramatic improvement on the £26m loss the year before. The company put the result down to a dramatic boost to production, proven reserves and cash flow, toge
Read moreEMED Mining, the Europe-based minerals development and exploration company, says the local government in Andalucia is now strongly behind its Rio Tinto mine project. The Rio Tinto mine, which has no connection with the mining company of the same name, has been on "care and maintenance" since 2001.
Read moreEMED Mining, the Europe-based minerals development and exploration company, has received term sheets from several project financiers which indicate possible funding agreements. The proposals give the company a range of options to allow the funding necessary to restart the Rio Tinto Copper Mine.
Read moreA string of updates from mining firms helped the sector rise by an average 2.6% on Wednesday afternoon, with blue chip BHP Billiton among the best performers on the FTSE 100 by 15:38. BHP announced this morning that it has given the green light for US$1.2bn to be invested in the first phase of the
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