Name change and growth for EMED - shares could well be very cheap

Spanish copper producer EMED Mining (EMED) plans to change its name to Atalaya Mining and to implement a one-for-30 share consolidation, as the AIM-quoted company prepares to boost annual production 50% to 7.5 million tonnes a year from the historic Rio Tinto mine near Seville. EMED, whose shares have fallen from a 12-month high of7.98p to 3.875p with copper in retreat, intends to reach that output level by the end of next June and lift it further to 9.5 million tonnes a year six months later  -- with expected extraction costs significantly below even today’s depressed copper price.

SP Angel Morning Mining Note: EMED Mining and BHP Billiton

John Meyer of SP Angel this morning comments on EMED Mining (EMED) & BHP Billiton (BLT) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

Emed Mining (#EMED) - Completes Phase 1 site development ahead of schedule

Zak Mir's Bulletin Board Heroes - Amur Minerals, Castleton Technology, EMED Mining, Forbidden Technologies, Motif Bio

Featuring Amur Minerals (AMUR), Castleton Technology (CTP), EMED Mining (EMED), Forbidden Technologies (FBT), Motif Bio (MTFB)

Emed Mining (#EMED) - Wins final permit required to initiate mining activities at the Rio Tinto Copper Project

SP Angel Morning Mining Note; EMED Mining, Gemfields, Ormonde Mining, Rambler Metals and Savannah Resources

John Meyer of SP Angel this morning comments on EMED Mining (EMED), Gemfields (GEM), Ormonde Mining (ORM), Rambler Metals (RMM) and Savannah Resources (SAV) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

EMED Mining (#EMD) - Open offer 63% taken up, remainder to placed by Canacord and Brandon Hill

SP Angel Morning Mining Note; Avocet Mining, EMED Mining, Petra Diamonds and Petropavlovsk

John Meyer of SP Angel this morning comments on Avocet Mining (AVM), EMED Mining (EMED), Petra Diamonds (PDL) and Petropavlovsk (POG) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

EMED Mining (#EMED) - fundraising falls a little short, but still £63.5m total

Zak Mir's Bulletin Board Heroes - Featuring EMED Mining, Ithaca Energy, Netscientific, Rapidcloud, Red Emperor

Featuring Emed Mining (EMED), Ithaca Energy (IAE), Netscientific (NSCI), Rapidcloud (RCI), Red Emperor (RMP)

First copper output in sight for EMED

EMED Mining (EMED) hopes to produce the first concentrate from its re-launched 203 million-tonne Rio Tinto copper project in Spain during July or August, having raised £64.9 million with a financing package that brings in a substantial new shareholder in the shape of Boston-based Liberty Metals and Mining, part of US insurance giant Liberty Mutual. That is the word from chief executive officer Alberto Lavandeira, who says the project should move into commercial production later on.

SP Angel Morning Mining Note: EMED Mining & Oxus Gold

John Meyer of SP Angel this morning comments on EMED Mining and Oxus Gold as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

EMED (#EMED) says has sourced funding till major refinance completed in 3-4 weeks

EMED Mining looks for project funds

Having successfully secured a three-month extension of a $30 million (£20 million) loan facility and convertible loan notes, unloved EMED Mining (EMED) now needs to assemble a financing package of E70 million (£51 million) and E90 million’ to re-launch copper production from Spain’s historic Rio Tinto mine by this autumn. So says Alberto Lavandeiro, AIM-quoted EMED’s chief executive officer, in the wake of an agreement by three key shareholders, lenders and potential customers to extend the loan repayment deadline and the maturity of the convertible by three months to the end of June.

EMED (#EMED) confirms 3 month loan extension - good can kick

EMED – Tomorrow’s (Good news) RNS today & CEO chat

This release should have gone out on Friday but I guess it will go out at 7 AM Monday. In case you can’t wait here is the EMED Mining (EMED) RNS in full and it is good news but EMED is not out of the woods yet. I have also been chatting to the EMED CEO over the weekend – he seems a decent enough guy.

EMED Mining – enough is enough. We apologise. Sell.

This has been a bad share tip. The macro scene has been unhelpful but whichever management team has been in charge EMED Mining (EMED) has not prospered. The latest revelation prompts us to apologise sincerely but to advise selling at 3.25p. Enough is enough.

SP Angel Morning Mining note - EMED, Jubilee Platinum, Wolf Minerals and more

We quite like SP Angel when it comes to research as lead analyst John Meyer is an honest chappie, who produces detailed work and can be critical when needs be. Today's detailed note covers the big stories of the day including EMED, Jubilee Platinum, Wolf Minerals and Tr-Star and a detailed macro view on the news that is shaping global mining and the AIM mining pond. We have now agreed to carry the SP Angel note every working day going forward.

EMED (#EMED) update on financing - does not read well

EMED - Positive Operational Update

EMED Mining (EMED) updated  investors on 23^rd February on “rapid progress being made in the development of onsite operations” at its Rio Tinto copper project and that “we remain in advanced discussions with our funding partners and are confident of securing the financing for the re-start of production without delays to the company's anticipated timetable”.