Copper - Zinc

In 2005, a “Partnership agreement on future investments related to prospecting and research rights for mineral deposits” was established with the Somincor, valid for a period of 10 years, which gave EDM the right to hold a 15% interests in deposits that Somincor may discover in the Alentejo Pyrite Belt under prospecting agreements outside the mining preserve of Neves-Corvo.

The work developed independently by Somincor led to the identification of the Semblana mineral mass, which is expected to be a strong mining asset.

On 1 July 2014, EDM exercised its rights to assume a 15% interest in the development of the Semblana project.

Studies are currently being carried out for the pursuit of underground work leading to a deeper understanding of this mineral mass, with a view to its respective exploration.

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