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EMED Mining: Positive news on the environmental issues

October 4, 2012, Thursday, 08:13 GMT | 03:13 EST | 11:43 IST | 14:13 SGT
Contributed by Fox-Davies Capital


EMED Mining has received the complete report of AAU public comments from the Environment Ministry of the Junta de Andalucia, and expects to provide satisfactory and substantiated replies to the authorities within 15 days. The comments of the public fall into a number of categories, the notable ones being with respect to risk identification and mitigation of normal mining related environmental issues.

Of the 20 submissions received from the public, 12 were positive recommendations from local municipalities and stakeholders in favour of the project and for the 8 remaining comments the Company's responses can be supported by reference to reports which are already on hand and which have been prepared in close collaboration with leading specialists within Spain and internationally.

The string of positive news continues and we perceive this as a very positive reponse. The environmental approvals are being pursued in parallel with the Administrative Standing and the conditional approval of the Project restart plans with the project remaining on schedule for commissioning to start at the end of the current quarter.