“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.
Over 200 representatives of the local business community came together at the historic Fonseca Cathedral on June 13th to show their support for Berkeley’s Salamanca Project.
Representatives of local businesses, contractors, suppliers, and heads of local business associations stayed long into the evening discussing how they could help support the mine development.
Berkeley is one of the largest investors in Castilla y León which has lost over 100,000 people over the last five years
The local villages of Retortillo and Villavieja de Yeltes have seen their population decline by 30% in the last 20 years.
Speaking from the lectern in the 16th Century marbled hall Paul Atherley, CEO and Managing Director, commented:
“We are thrilled with the continued support we are receiving for our project. We’re investing a quarter of a billion euros and creating 2,500 direct and indirect jobs for which we have already had nearly 23,000 fully documented applications.
We understand that last year, the population in Castilla y Leon fell by over 21,000 people. Our belief is that if young people can stay and build careers that are created by economic development such as ours, they will get married and hopefully have families which will rejuvenate the once-thriving local villages.
Our support for this region goes beyond just job creation, we preferentially choose local businesses, ensuring that the benefit of our investment and the hard work of our employees stays within the community as much as is possible.”
Click here to read the full speech from the evening.
“Uranium miner Berkeley Energia is based in Salamanca, 130 miles west of Madrid.
Last week, the group moved from Aim to the main market of the London Stock Exchange and listed on the Spanish market so investors all over Europe can now buy the stock in euros.
Berkeley is in a strong financial position, having signed a deal with the sovereign wealth fund of Oman to provide up to $120 million (£90 million) – enough to fund its Salamanca mine into production.”
To read the full Daily Mail article please click here.