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Termination of GMP Securities Europe as Co-Broker

21 Jan 2009 10:56

RNS Number : 0043M
EMED Mining Public Limited
21 January 2009
 



AIM: EMED 21 January 2009

Termination of GMP Securities Europe LLP as Co-Broker

EMED Mining Public Limited ("the Company") wishes to announce that effective January 18th 2009, GMP Securities Europe LLP will no longer act in their capacity as co-broker to the Company. EMED is appreciative of the services that have been provided by GMP.

 

Harry Anagnostaras-Adams

Managing Director

Enquiries

EMED Mining

Fox-Davies Capital

RFC Corporate Finance

Bishopsgate Communications

Harry Anagnostaras-Adams

Daniel Fox-Davies

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 £10.8 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.

 

8362901 v3

This information is provided by RNS
The company news service from the London Stock Exchange
 
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