EMED MINING PUBLIC LIMITED
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EMED Mining jumps 15% as Chinese company backs Rio Tinto mine restart with $30 million financing
EMED Mining (LON:EMED) climbed 14.88% today on news that the company has reached a $30 million funding arrangement with a new Chinese offtake partner respecting its Rio Tinto copper mine in Spain.
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EMED sees copper deposits for potential second mine in Spain
Frik Els | June 7, 2011
Toronto and London listed exploration and development company EMED Mining said on Tuesday it found significant potential new copper deposits near its Cerro Colorado open pit operations in Spain (pictured), sending its shares up over 5% in afternoon trade.
In May the Cyprus-based company announced Andalucia, one of Spain's autonomous regions, gave approval for the plans to restart its flagship Rio Tinto copper mine, which was placed on care and maintenance in 2000. Production is scheduled to start in 2012 following further approvals.
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ANNOUNCEMENT
Orezone Completes the Sale of Sega to Cluff Gold for $26.5M
Orezone Gold Corporation (ORE:TSX) is pleased to announce that it has completed the sale of its Sega Gold Project ("Sega") in Burkina Faso to Cluff Gold plc (Cluff) for total consideration of approximately US$26.5M.
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