Jul 10th 2012 - Edison Investment Research today published a report on EMED Mining Public (EMED.L, LSE:EMED, LON:EMED) entitled "Fully Financed". In summary, the report says:
EMED is now confident of triggering the restart of the Rio Tinto mine by the end of 2012 and commissioning production by the end of 2013. This is underpinned by the major Andalucían political parties announcing policies for the permitting of the Rio Tinto mine by Q312 and subsequent copper off-take sales and loan financing arrangements with Yanggu Xiangguang Copper Co (XGC) and Goldman Sachs International, detailed engineering and project restart permitting. These off-take and finance packages will fund the capital required for restart of the Rio Tinto mine in return for copper pre-sale agreements.
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