Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Having earlier in the day announced that a delegation from the regional authorities would be visiting the Rio Tinto mine site, EMED Mining (EMED) yesterday morning announced that during a meeting it has received formal communication of the granting of a mining permit – “the last significant regulatory approvals… before normal mining and processing operations can commence”.
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Comments
wildrides
Blimey …………… after what seems like several years of Junta afternoon naps they suddenly decide the Rio Tinto mine reopening might provide a few jobs for those remaining Spanish people that are not already in a catatonic state . The Junta need to be careful ………. they are in danger of spoiling their longstanding record of diligently keeping unemployment over 25%. Dont worry world copper market …… there is no danger of over supply from Rio Tinto . Apparently a conveyor rubber belt needs replacing before production can start . They ordered it yesterday ………. delivery is due in 2017 and it takes five years to fit the belt , therefore production may start in 2022
I have some shares from the last decade ……… unfortunately in the very bottom of my bottom drawer ……. in a chest of drawers that “Err in doors” gave to Age concern five years ago .