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Atalaya Mining Share News (ATYM)
|Share Name||Share Symbol||Market||Type||Share ISIN||Share Description|
|Atalaya Mining||LSE:ATYM||London||Ordinary Share||CY0106002112||ORD 7.5P|
|Price Change||% Change||Share Price||Bid Price||Offer Price||High Price||Low Price||Open Price||Shares Traded||Last Trade|
|Industry Sector||Turnover (m)||Profit (m)||EPS - Basic||PE Ratio||Market Cap (m)|
EMED Mining Mandates Goldman Sachs For $175 Million Finance
Dow Jones News
EMED Mining Public Ltd. (EMED.LN), a Europe-based minerals development and exploration company, said Monday it has formally mandated Goldman Sachs International on an exclusive basis to provide and/or arrange up to $175 million of finance to the Company, or a subsidiary, for the restart of the Rio Tinto Copper Mine.
-Financing is intended to be in the form of a copper pre-sale agreement.
-Under agreement EMED Mining will deliver the equivalent value of copper to Goldman Sachs on a monthly basis over a seven year term.
-Shares in London at 0825 GMT up 1 pence, or 10%, at 14.625 pence valuing the company at GBP113.92 million.
-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; email@example.com