EMED.L Share News (EMED)

EMED Mining Public has received permission to restart the Rio Tinto copper mine in Andalucia, Spain. The mining rights for the project have been transferred to the EMED's Spanish subsidiary EMED Tartessus. President of the government of Andalucía, Susana Díaz Pacheco, made the announcement on Friday during an official visit to the facilities in Minas de Riotinto."Rio Tinto is and must continue to be an icon in Andalusian and European mining [...] From today onwards, EMED Tartessus has the authorisation to resume mining operations thus paving the way to economic growth and development for a region that has suffered greatly over the past few years," she said.EMED said the recent granting of the Unified Environmental Authorisation (AAU), together with Friday's announcement of the transfer of the Rio Tinto Mining Rights, is "an important step in EMED becoming a copper producer"."The project now enters the very important stage where the company can trigger site works, complying with all requirements and preparing for copper production," said EMED's Chief Executive Isaac Querub. Shares fell 2.50% to 9.75p at 15:56 on Friday.RD