“Last Wednesday, Berkeley Energía, a company specializing in the mining sector, debuted on the Spanish Stock Exchange with the traditional bell ringing. An operation carried out through a tri-listing connecting the stock exchanges of Spain, London and Australia, the first of these characteristics in the Spanish market. Berkeley debuted on the parquet floor of Madrid with a rise of 51.9%.
The company of Australian origin with British headquarters is developing a mining project in the region of Salamanca for the extraction of uranium.”
Berkeley Energia LTD (LON:BKY) has announced that the capital cost review initiated by the company has identified a number of opportunities to reduce the initial capital expenditure at the Salamanca mine, required to bring it into production.
The company said potential saving of up to €9mln arise from optimisation of plant capacities, outsourcing of peripheral infrastructure and reducing initial throughput for production from the Retortillo deposit.
Read the full article on ProActive Investors here.
Main market-listed Berkeley Energia (BKY) is building a uranium mine in Western Spain. Permits and funding have been secured, and many market watchers believing prices can only go up. But not everyone is happy with the development. For this episode of the IC’s Extraction Podcast, resources writer Alex Newman talks to Berkeley CEO Paul Atherley about the group’s aversion to debt, the uranium market, nuclear energy and local opposition.
The AIM-listed uranium miner said it currently holds US$100mln in cash, while also currently holding 2.75mln pounds of triuranium octoxide (U3O8) concentrate under long term contracts over the first six years of production, with potential to increase annual contracted volumes further as well as extend the contracts by a total of 1.25mln pounds.
“The company is now focused on awarding major contracts, filling key management positions and conducting detailed reviews focused on ensuring that the very best capital and operating costs are achieved”