  We present early optical photometry and spectroscopy of the afterglow and
host galaxy of the bright short-duration gamma-ray burst GRB 130603B discovered
by the Swift satellite. Using the Gemini South telescope, our prompt optical
spectra reveal a strong trace from the afterglow superimposed on continuum and
emission lines from the $z = 0.3568 \pm 0.0005$ host galaxy. The combination of
a relatively bright optical afterglow (r' = 21.52 at $\Delta_t $= 8.4hr),
together with an observed offset of 0\farcs9 from the host nucleus (4.8kpc
projected distance at z=0.3568), allow us to extract a relatively clean
spectrum dominated by afterglow light . The spatially resolved spectrum allows
us to constrain the properties of the explosion site directly, and compare
these with the host galaxy nucleus, as well as other short-duration GRB host
galaxies. We find that while the host is a relatively luminous ($L \approx 0.8
L^{*}_{B}$), star-forming galaxy with solar metallicity, the spectrum of the
afterglow exhibits weak CaII absorption features but negligible emission
features. The explosion site therefore lacks evidence of recent star formation,
consistent with the relatively long delay time distribution expected in a
compact binary merger scenario. The star formation rate (both in an absolute
sense and normalized to the luminosity) and metallicity of the host are both
consistent with the known sample of short-duration GRB hosts and with recent
results which suggest GRB130603B emission to be the product of the decay of
radioactive species produced during the merging process of a NS-NS binary
("kilonova").
  Ultimately, the discovery of more events similar to GRB130603B and their
rapid follow-up from 8-m class telescopes will open new opportunities for our
understanding of the final stages of compact-objects binary systems.
