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.
EMED Mining (EMED) is seeking to assemble a financing package worth at least $150 million (£100 million) to restart the historic Rio Tinto copper mine near Seville in Spain after winning final approval for its mining and restoration plan there. The AIM-quoted company is discussing funding alternatives with several groups including its three key backers, the $82 billion Dutch commodity group Trafigura Beheer, US-based Orion Mining Finance and China’s Xianguang Copper, following the favourable decision by the government of the Province of Andalusia
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