Owner of Spain's Riotinto copper mine plans move to the LSE's main board
Sunday 25 July 2010
Related articles
Emed Mining, the owner of the 5,000-year-old Riotinto copper mine in south-west Spain, is considering a move to the main board of the London Stock Exchange.
The group is currently listed on the Alternative Investment Market, the junior exchange, and is in the middle of a dual flotation on the Toronto board. However, it is looking at a London promotion as it gets closer to permission to start production at Rio Tinto, which could be worth $200m a year in revenue from the end of 2011.
Emed's finance director, John Leach, said: "Moving to the main board is on the agenda and we will evaluate later in the year. It's not a bad idea. I think it's a natural for us."
The Toronto listing has been designed to get company shares into the hands of more retail investors. About 80 per cent of the company is owned by just two-dozen shareholders.
Emed will put its final technical plan for the development of the mine to Spanish officials this week.
-
Emergency landing at Heathrow sparks further controversy over London airport capacity
-
Unrest may spread across Europe, warns Red Cross chief
-
French government seeks to ban extreme right-wing group
-
BNP and EDL accused of attempt to fuel racial hatred after Woolwich terror attack
-
You want to get an Eton scholarship? All you need to do is answer four (not so simple) questions
- 1 What, let gays get married? We must be bonkers
- 2 'Something passed underneath us, quite close': Airbus A320 has close encounter with UFO
- 3 Rocky Horror star Tim Curry 'suffers major stroke'
- 4 Exclusive: How MI5 blackmails British Muslims
- 5 Lord of the Sings: Sir Christopher Lee, 91, to release heavy metal album
Get your summer started with British Military Fitness
BMF is the UK’s biggest and best loved outdoor fitness classes
Visit York
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Making reading fun for kids
Nook is donating eReaders to volunteers at high-need schools and participating in exclusive events throughout the campaign.
Introducing the 'Get Reading' campaign
Get the latest on The Evening Standard's campaign to get London's children reading.
Enter the latest Independent competitions
Win anything from gadgets to five-star holidays on our competitions and offers page.
Business videos from commercial thought leaders
Watch the best in the business world give their insights into the world of business.
Day In a Page
Johnny Marr talks relationships and reunions
In pictures: After the flood
Death becomes her: A very modern mortician
School of chop: Learning the art of butchery
The man who's eaten everywhere
A Berliner in 1963 – but did John F Kennedy once admire Adolf Hitler?


Comments