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Share Name Share Symbol Market Type Share ISIN Share Description
Atalaya Mining LSE:ATYM London Ordinary Share CY0106002112 ORD 7.5P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -0.74% 67.50 66.00 69.00 68.00 67.50 68.00 16,082 13:01:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -8.7 -0.7 - 78.76

EMED Mining Mandates Goldman Sachs For $175 Million Finance

05/03/2012 9:00am

Dow Jones News

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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; ian.walker@dowjones.com

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