09:46 AM EST - EMED Mining Public Limited : announced the following operational update for the three-month period ended December 31, 2011. The Andalucia government in Spain has made public policy statements that clearly confirm support for the Company's plans to restart the Rio Tinto Mine as soon as possible, including that it wants the project to be triggered in this year's third quarter, the same target date as EMED Mining. The approvals process continues for the proposed open-pit mine at Biely Vrch and includes stakeholder consultations. It is currently envisaged that the project will produce about 60,000 ounces of gold per year at an average cash cost of about $530 U.S./ounce but the Company intends to further optimize the pit design. EMED Mining Public Limited
shares T.EMD are trading down $0.005 at $0.14.
