EMED obtains final licence to develop Spanish Rio Tinto copper mine

19 July 2015 (Last Updated July 19th, 2015 18:30)

EMED Tartessus has secured a final licence to develop Rio Tinto copper mine in Spain.

EMED Tartessus has secured a final licence to develop Rio Tinto copper mine in Spain.

The company, which owns the Proyecto Riotinto project, received the activity licence from the Minas de Riotinto Municipality.

According to EMED Mining, the latest licence represents the final permitting component that is needed to initiate mining activities at the Rio Tinto Copper Project.

"The project will initially anticipate a 14-year open-pit mining operation to extract 600,000t of copper."

EMED Mining CEO Alberto Lavandeira said: "The receipt of the licence is a major milestone for the company as it represents the final permit required to start building up production over the next few months, ahead of the originally anticipated target date of January 2016."

Proyecto Riotinto promotes the reopening of the mine that will include modern technology and incorporate modern safety, as well as environmental principles.

Located in the Iberian Pyrite Belt, 65km north-west of Seville, in the Province of Huelva, the open-pit copper mine total investment will amount to more than €300m.

The project will initially anticipate a 14-year open-pit mining operation to extract 600,000t of copper.

European exploration and development company EMED currently focuses on bringing the Rio Tinto Copper Project back into production.