Owner of Spain's Riotinto copper mine plans move to the LSE's main board
Sunday 25 July 2010
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.
- 1 I was a Woman Against Feminism too
- 2 Fifty Shades of Grey movie trailer released: First look at Jamie Dornan as Christian Grey
- 3 Is Gideon Levy the most hated man in Israel or just the most heroic?
- 4 Students offered grants if they tweet pro-Israeli propaganda
- 5 The Tory donor whose firm is one of Britain’s biggest tax avoiders - with HMRC's blessing
Malaysia Airlines MH17 crash: Vladimir Putin is given 'one last chance' to end hostilities in Ukraine
The 'scroungers’ fight back: The welfare claimants battling to alter stereotypes
The truth about conspiracy theories is that some require considering
Arizona execution lasts two hours as killer Joseph Wood left 'snorting and gasping' for air
Malaysia Airlines MH17 crash: Ukrainian military jet was flying close to passenger plane before it was shot down, says Russian officer
Malaysia Airlines MH17 crash: Massive rise in sale of British arms to Russia
iJobs Money & Business
£18000 - £20000 per annum + OTE £25K: SThree: SThree Group has been well estab...
competitive: Progressive Recruitment: This really is a fantastic chance to joi...
£40000 - £60000 per annum + BONUS + BENEFITS: Harrington Starr: CXL, Triple Po...
£60000 - £75000 per annum + BONUS + BENEFITS: Harrington Starr: Business Anal...