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.
Berkeley Energia featured in Raconteur’s ‘Future of Mining’ Report in The Times
FUELLING EUROPE’S CLEAN ENERGY FUTURE
The opening of a new uranium mine in Spain next year will help address some of the deepening concerns about uranium supply to Europe
Berkeley Energia highlights mine development progress as it releases full year results
“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”
Paul Atherley Interview at 121 Mining Investment
Paul Atherley, Managing Director of Berkeley Energia, gives an interview at 121 Mining Investment.
Berkeley Energia: Financed For Uranium Mine Construction In Spain
Interview With Managing Director & CEO Paul Atherley.
Berkeley Energia to start construction work on Salamanca in the New Year [Proactive Investors]
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.
Berkeley Energia – Strategic investment update
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.
Berkeley defies the uranium gloom [Mining Journal]
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 welcomes Deepankar Panigrahi to the board as funds from Oman roll in [Proactive Investors]
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.
Read the full article on Proactive Investors.
