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.
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”