Atalaya Mining Regulatory News (ATYM)

23 Jul 2007 13:53

EMED Mining Public Limited23 July 2007 AIM: EMED 23 July 2007 EMED MINING PUBLIC LIMITED ("EMED Mining" or "the Company") Board Appointment The Group continues to expand its senior team in line with currentbusiness-growth initiatives. Mr John Edward Leach, a Chartered Accountant withover 30 years international natural resources experience, has joined the Boardof Directors as Finance Director. The group's Management team, based in the appropriate locations in Europe,includes a leadership team drawn largely from the Australian mining industry andis supported by in-country experts in Cyprus, Slovakia, Georgia, Turkey and nowin Spain. The Board of Directors at EMED Mining have today also approved the issue to MrLeach of 1 million options over unissued ordinary shares exercisable at 20p pershare (20% above the average of the previous week) at any time over the next 6years. The options form part of Mr Leach's executive remuneration package and donot vest unless the Company completes the acquisition of an initial 51% interestin the Rio Tinto project in Spain and triggers the restart of production at thisproject.. -Ends- Enquiries EMED Mining RFC Corporate Fox-Davies Parkgreen Finance (Nomad) Capital CommunicationsHarry Stuart Laing Daniel Fox-Davies Clare IrvineAnagnostaras-Adams +357 9945 7843 +61 8 9480 2506 +44 207 936 5220 +44 20 7851 7480 www.emed-mining.comwww.emed.tv About John Edward Leach Mr Leach (aged 58) has served as the Chief Financial Officer of the Company on apart time basis since June 2005 and provided important assistance in the initialAIM listing of EMED Mining. John has played a key role in the start-up anddevelopment of a number of resource projects and has served on the boards ofseveral public and private resource sector companies, including AIM listed KefiMinerals plc and Australian Stock Exchange ("ASX") listed Resource MiningCorporation Ltd. His involvement has included project planning andimplementation, sourcing of project and equity finance, negotiations withcontractors and financiers and market development. John holds a Bachelor of Arts (economics) and a Masters in BusinessAdministration. He is a member of both the Institute of Chartered Accountants (Australia) and the Canadian Institute of Chartered Accountants. He is also aFellow of the Australian Institute of Directors. His previous work experienceincludes periods at Gympie Gold Ltd, Pan Pacific Petroleum NL and KPMG PeatMarwick in various senior executive and management positions. In addition to the grant of the options referred to above, John currently holdsan interest in a total of 710,000 fully paid ordinary shares in the Company.65,000 of these shares are held directly by Mr Leach with the other 645,000 heldby the Braeburn Superannuation Fund, of which Mr Leach is the principalbeneficiary. Mr Leach holds, or has held during the past 5 years, the following positionswhere he was acting in the capacity of a director: Current Directorships Past DirectorshipsResource Mining Corporation Limited Cove Engineering Pty LtdKefi Minerals Plc Gympie Gold LimitedLode Resources NL Gympie Gold Limited, of which Mr Leach was an executive director until July2003, entered into voluntary administration and receivership on 30 December2003. This followed a rapid and substantial deterioration in Gympie GoldLimited's financial position and prospects caused by a devastating undergroundfire at the Southland Colliery, the company's key source of cash flow. No personwas physically hurt. There is no other information that is required to be disclosed pursuant toSchedule 2 paragraph (g) of the AIM Rules. Notes to Editors: About EMED Mining Public Limited EMED Mining was admitted to trading on AIM in May 2005 following a placing ofits shares. The company is based in Cyprus and has a strong commitment toresponsible development of metal production operations in Europe, with aninitial focus on copper and gold. The Company has moved rapidly reflecting the experience of its specialist teamand the clarity of its strategy. The Group's region of interest are the tectonic belts spanning across Europe andover to Iran. The strategy is to evaluate exploration and developmentopportunities in several jurisdictions throughout this quality mineral belt andto promote sustainable development practices through implementation of EuropeanUnion and other leading-edge international standards. EMED Mining recentlyco-hosted with the Green Party of Cyprus an international conference onResponsible Mining and Environmental Management. The Company has, from theoutset, strictly implemented its Environmental & Community Policy whichincludes: • 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 selectedzones: • Spain/Cyprus The mines at Rio Tinto are probably amongst the best known in the world. They are, with the possible exception of those in Cyprus, the oldest capable of still being worked. It is now EMED Mining's goal to restart production in both of these well-endowed 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 of production techniques are similar. • Slovakia/Romania exploration areas are centred on a cluster of volcanic centres in Slovakia and Romania. Low-detection geochemical methods are being applied to these areas for the first time together with open pit bulk mining concepts. The targeted mineralisation styles are high-grade epithermal gold, or bulk-mineable epithermal gold and porphyry copper-gold. The company has announced a gold discovery at Biely Vrch in Slovakia which is a major priority for 2007. • Georgia/Central Asia exploration areas form a cluster of gold prospects centred in Georgia. EMED Mining's main prospects are within the Upper Racha Licence, the country's largest minerals licence with many untested prospects. The Company has confirmed Russian Resources of 1.0 million ounces gold at the Zopkhito Prospect and discovered high grade mineralisation at surface at other prospects. (please see full details in Annual Report 2006 announcement from 19 February 2007). • Turkey/Bulgaria exploration areas were vended into 34%-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. The KEFI Minerals team has mobilized into the field to explore the company's tenements and to expand the portfolio of licenses as opportunities warrant. See www.kefi-minerals.com. For further information on the Company's activities, visit www.emed-mining.comor www.emed.tv . This information is provided by RNS The company news service from the London Stock Exchange