EMED.L Share News (EMED)

EMED Mining, the Europe-based resources company listed on AIM, has been awarded the Aguilas Two Licence in southern Spain.The Andalucian Minister for Industry announced the award on Thursday, handing EMED the 52 square-kilometre licence which is located close to its wholly-owned Rio Tinto Copper Project.Managing Director Harry Anagnostaras-Adams said he thinks that the Iberian Pyrite Belt will "re-emerge as a globally significant metal producer"."Whilst our immediate focus is on the restart of the Cerro Colorado Open Pit, our plan is to extend project life and annual production by targeting to expand the open pit, restart the underground mines, recycle precious metal in the tailings deposit and also to explore our ancillary tenements including the Aguilas Two Exploration Licence area which we are particularly pleased to have been awarded," he said.Negligible exploration has been conducted on any of these areas for over 20 years.