Last checked at 29 Oct 2008 07:00
AIM: EMED 29 October 2008
APPOINTMENT OF DIRECTOR
EMED Mining Public Limited ("EMED Mining" or "the Company") is pleased to announce that Dr Ross Randolph Bhappu, a Partner of Resource Capital Funds ("RCF"), has now been formally appointed to the Company's Board of Directors as a Non-Executive Director. As set out in recent announcements, RCF now holds 14.7% of the issued ordinary share capital of the Company.
Dr Bhappu (age 48) has over 20 years' experience in the mining industry working for both senior and junior mining companies. Prior to joining RCF in early 2001, he was chief executive officer of a start-up copper mining company, GTN Copper Corporation. Prior to joining GTN, Dr Bhappu was Director of Business Development for Newmont Mining Corporation. In that role, he was involved in merger and acquisition activities, the marketing of copper concentrates to smelters all over the world, business development activities and the commercialisation of Newmont's proprietary metallurgical technologies. Before joining Newmont, he served in both technical and financial roles for Cyprus Minerals Company. He serves on the board of RCF's portfolio companies Traxys SA, Molycorp Minerals LLC and Anglo Asian Mining plc. Dr Bhappu holds a Ph.D. in Mineral Economics from the Colorado School of Mines and B.S. and M.S. degrees in Metallurgical Engineering from the University of Arizona.
In the past 5 years, Dr Bhappu holds or has held the following positions where he was acting in the capacity of a director:
| Current Directorships | Past Directorships |
| Traxys S.A. | Constellation Copper Corporation |
| Molycorp Minerals, LLC | |
| Anglo Asian Mining plc | |
| Minerals Information Institute |
Save for the interest of RCF referred to above, Dr Bhappu has no interest in the Company's ordinary share capital. There is no other information that is required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules.
Enquiries
| EMED Mining | Fox-Davies Capital | RFC Corporate Finance | Bishopsgate Communications |
| Harry Anagnostaras-Adams | Richard Hail | Stuart Laing | Nick Rome |
| +357 9945 7843 | +44 (0)207 936 5230 | +618 9480 2500 | +44 (0)207 562 3350 |
Notes to Editors: About EMED Mining Public Limited
EMED Mining was admitted to trading on AIM in May 2005 following a placing of its shares, and its share market capitalisation has since grown from approximately £4 million to approximately £24 million. The Company is based in Cyprus and has a strong commitment to responsible development of metal production operations in Europe, with an initial focus on copper and gold.
The Group's region of interest are the tectonic belts spanning across Europe and over to the Middle East. The strategy is to evaluate exploration and development opportunities in several jurisdictions throughout this quality mineral belt and to promote sustainable development practices through implementation of European Union and other leading-edge international standards. The Company strictly implements its Environmental & Community Policy which includes:
Integrating environmental management into our business, planning and reporting processes.
Promoting a strong environmental ethic throughout the Company and the community.
Complying with, as a minimum, all applicable local and European Union laws and regulations.
Communicating with community stakeholders in a responsible and transparent manner.
EMED Mining has now established a strong position in the following selected zones:
Exploration areas in Slovakia are centred on a cluster of volcanic centres. Low-detection geochemical methods are being applied to these areas for the first time together with open-pit bulk mining concepts. The principal targeted mineralisation style is low-grade, bulk-mineable porphyry gold. The Company has announced gold discoveries at Biely Vrch, Kralova and Slatinske Lazy in Slovakia.
The mines in Cyprus and at Rio Tinto in Spain, located in the Iberian Pyrite Belt, which is probably among the best known in the world for its mineral endowment. EMED Mining's goal is to restart copper production at its projects in both of these well-endowed, historical mining districts. Both Spain and Cyprus are progressive members of the European Union and EMED Mining has been made to feel welcome in both host countries. The styles of mineral deposits and production techniques are similar in both mining districts.
Exploration areas in Turkey were vended into 32%-owned KEFI Minerals Plc which was admitted to AIM in December 2006. KEFI Minerals owns carefully selected licence areas in Turkey, as well as an extensive proprietary database of regional and specific exploration data providing a pipeline of further projects to evaluate. See www.kefi-minerals.com.
For further information on the Company's activities, visit www.emed-mining.com or www.emed.tv.
Company Reg No: 152217