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30 Jul 2010

EMED Mining - Quarterly Report


EMED Mining Public Limited, the European-based minerals development and exploration company, is pleased to provide shareholders with its Quarterly Report for the three month period ending 30 June 2010.
Key Points
Rio Tinto Mine ("Proyecto Rio Tinto" or "PRT") - Copper in Spain
· Submitted to the relevant authorities all reports to support regulatory permission to commence production at PRT in 2011
· Clarified important commercial matters including:
· settlement with the Department of Social Security in relation to a debt owed by a previous owner of PRT (and secured against PRT's principal landholdings);
· finalisation of independent assessment of the bonding required for regulatory compliance with environmental rehabilitation obligations; and
· completion of independent valuations of adjoining landholdings required for operations.
· Received authorisation for the interim connection of PRT to the national power grid and for connection to town water supplies
Detva Gold Project - Gold in Slovakia
· Updated Scoping Study confirms the attractive economics of developing a mine at Biely Vrch.
· Slovakian regulators approved the Biely Vrch Mineral Resource estimate totalling 1.1 million ounces of gold, the first statutory step of the permitting process.
Harry Anagnostaras Adams, Managing Director of EMED Mining, commented:
“In Spain, the submission of detailed and independent reports supporting the Company’s regulatory submissions of mid-2009 marks another significant milestone in the permitting process for PRT. The process which we have just been through has improved the project, deepened our local relationships, facilitated community consultation and complied with our timetable.
“In Slovakia, the revised Scoping Study for Biely Vrch has improved our development plan, facilitated the first phase of that permitting process, provided a platform for public dialogue and allowed the commencement of the Preliminary Environmental Impact Assessment."
“The European Union‟s “Raw Materials Initiative” and the recent rejection by the European Commission of a proposed ban on the use of cyanide in the extractive industry have provided us with renewed confidence that EMED Mining‟s strategy and timing complement a resurgence of the minerals and metal production sectors in European industry.
“EMED Mining has a strong commitment to the responsible development of metal production operations in Europe. We are determined to become a leading European-based mining company that will employ many more people and provide long-term benefit to all our stakeholders.”



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