Spanish Supreme Court ruling consistent with EMED Mining's permitting approach
EMED Mining, the Europe-based minerals development and exploration company, is pleased to announce that a final court ruling in the Supreme Court of Spain has confirmed that the approach adopted by the Company for the permitting of the Rio Tinto Copper Project is correct. The Court ruled that administrative standing is indeed a pre-requisite for triggering the project.
The outcome of the case, while pleasing for EMED Mining, could not and did not have any impact on the Company's ownership of the Rio Tinto Copper Project or its application for administrative standing.
The only potential impact the case could have had was to remove the need to apply for administrative standing. However, this was never considered as a real possibility by the Company in this dispute between a past project vendor and the Junta de Andalucia.
Harry Anagnostaras-Adams, EMED Mining's Managing Director and CEO, said: "This case between a third party and the Junta de Andalucia was not a concern to EMED Mining but it is nevertheless pleasing that the outcome reaffirms our analysis of the issues that were being considered and also the approach we adopted upon acquiring in 2008 outright ownership and control of the Rio Tinto Copper Project."It is a world class project which has attracted more than its share of complexity and it is pleasing that it continues to simplify itself partly through our efforts and partly as a result of the efforts of the Junta de Andalucia."
For more information, please contact:
EMED Mining Harry Anagnostaras-Adams +357 9945 7843
RFC Ambrian Stuart Laing +61 8 9480 2500
Fox-Davies Capital Susan Walker +44 203 463 5022
Bishopsgate Communications Nick Rome +44 207 562 3350
Proconsul Capital Andreas Curkovic +1 416 577 9927
This information is provided by RNS The company news service from the London Stock Exchange
Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!