Interview With Managing Director & CEO Paul Atherley.
Berkeley Energia Ltd (LON:BKY) is awarding major contracts and filling key management positions for construction of the Salamanca mine, commencing in the New Year.
Amec Foster Wheeler, now part of the FTSE 250 listed Wood Group, has been selected to deliver a fixed price engineering, procurement and construction (EPC) solution for the construction of the mine, plant and associated infrastructure.
Paul Atherley, Managing Director, discusses the $65M Oman financing transaction, which fully de-risks the capital costs required to bring the Salamanca mine into production. Paul welcomes the Oman fund as a strategic, long term investor and shareholder in the Company and Mr Deepankar Panigrahi to their Board. The Salamanca mine is the only uranium mine under construction in the world today and the Company is well positioned going in to the New Year.
That isn’t to say 2017 has been uneventful; Berkeley has made significant progress with early works, continued its exploration programme and secured US$120 million of finance at the height of the uranium bear market for a project set to make the company a top-10 producer.
These achievements – delivered when the spot uranium price is hovering around a 12-year low – are testament to the project, management team and expected market resurgence for the nuclear raw material.
Berkeley Energia Limited (LON:BKY,ASX:BKY) has received the initial US$65mln tranche of funding for its Salamanca project from the Sultanate of Oman’s sovereign wealth fund.
The payment means that capital costs for production at the Salamanca mine – the only uranium mine under construction anywhere in the world – are fully funded.
Panel discussion about power technologies and the associated minerals. Facilitated by Peel Hunt and the CEO’s of Berkeley Energia, Cadence Minerals, Horizonte Minerals & Rainbow Rare Earth discuss the industry sector and how they see it changing over the coming years.
Capital Network’s mining analyst Sam Catalano talks through Berkeley Energia Ltd (LON:BKY) and looks at the company’s valuation and outlook.
WH Ireland has increased its target price for Berkeley Energia Ltd (LON:BKY, ASX:BKY) to reflect the recent financing agreement for the Salamanca project.
The Sovereign Wealth Fund of the Sultanate of Oman is to provide up to US$120m to fully fund the Salamanca mine into production, which WH Ireland analyst Paul Smith thinks is an outstanding achievement in the current environment for uranium explorers.
Berkeley Energia Ltd (LON:BKY) is a London AIM and ASX listed minerals development company. The firm is currently progressing the Salamanca Uranium Project in western Spain, aiming to commence production in the second half of 2018.