Proactiveinvestors Australia Berkeley Energia Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia Berkeley Energia Ltd RSS feed en Thu, 17 Jan 2019 21:58:04 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20190114140617_13933912/ Tue, 15 Jan 2019 01:06:17 +1100 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20190114140617_13933912/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20190114140100_13933906/ Tue, 15 Jan 2019 01:01:00 +1100 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20190114140100_13933906/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20190111110524_13932117/ Fri, 11 Jan 2019 22:05:24 +1100 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20190111110524_13932117/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20190111110029_13932107/ Fri, 11 Jan 2019 22:00:29 +1100 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20190111110029_13932107/ <![CDATA[RNS press release - Berkeley notes recent Spanish media reports ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20190111070004_13931219/ Fri, 11 Jan 2019 18:00:04 +1100 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20190111070004_13931219/ <![CDATA[News - Berkeley Energia jumps as it refutes media reports surrounding Salamanca approvals ]]> https://www.proactiveinvestors.com.au/companies/news/212380/berkeley-energia-jumps-as-it-refutes-media-reports-surrounding-salamanca-approvals-212380.html Berkeley Energia Limited (LON:BKY) shares jumped in early trading Friday after it said it has received no official notice regarding official approvals for its Salamanca uranium project after reports emerged in the Spanish media.

In a brief statement, the miner said it would update shareholders when any formal notice regarding approvals for the project, which is located around three hours west of Madrid.

READ: Berkeley Energia seeks to clarify permit situation at Salamanca

It isn’t the first time the company has had to battle media speculation around potential approval for the Salamanca project after a Reuters report in October suggested the mine would not receive approval from the Spanish government despite already being given preliminary approval.

READ: Berkeley Energia says Spain’s Nuclear Safety Council not the source of negative media reports

The firm was then forced to refute media speculation once again that month when more press reports emerged that the government was intending to deny permits for the mine, with Spain’s Nuclear Safety Council saying it was not the source.

In a note to clients, analysts at broker Shore Capital said that the Spanish press had "apparently" reported that approval for the project had been granted, adding that a Reuters report yesterday had said "Spain’s nuclear watchdog CSN had “endorsed” two nuclear safety studies, in “a preliminary step in the approval process”".

Shares were up 17.3% at 24.7p

--Adds broker comment and share price--

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Fri, 11 Jan 2019 07:53:00 +1100 https://www.proactiveinvestors.com.au/companies/news/212380/berkeley-energia-jumps-as-it-refutes-media-reports-surrounding-salamanca-approvals-212380.html
<![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20190110163549_13930991/ Fri, 11 Jan 2019 03:35:49 +1100 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20190110163549_13930991/ <![CDATA[RNS press release - ASX Response to Price and Volume Query ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20190107075901_13925477/ Mon, 07 Jan 2019 18:59:01 +1100 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20190107075901_13925477/ <![CDATA[News - Berkeley Energia tells Australian Exchange it knows of no reason for recent share price rise ]]> https://www.proactiveinvestors.com.au/companies/news/212037/berkeley-energia-tells-australian-exchange-it-knows-of-no-reason-for-recent-share-price-rise-212037.html Berkeley Energia Ltd (LON:BKY) has told the Australian stock exchange in a filing that it knows of no reason for the recent rise in the company’s share price.

Berkeley noted that a major seller had now completed its exit from the company.

WATCH: Berkeley Energia seeks to clarify permit situation at Salamanca

In London, the shares jumped from just over 10p to 13.75p on Friday, although they gave up some of those gains in early trading in London on Monday.

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Mon, 07 Jan 2019 08:18:00 +1100 https://www.proactiveinvestors.com.au/companies/news/212037/berkeley-energia-tells-australian-exchange-it-knows-of-no-reason-for-recent-share-price-rise-212037.html
<![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20190104164110_13924773/ Sat, 05 Jan 2019 03:41:10 +1100 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20190104164110_13924773/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20190104163607_13924764/ Sat, 05 Jan 2019 03:36:07 +1100 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20190104163607_13924764/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20190104110015_13924278/ Fri, 04 Jan 2019 22:00:15 +1100 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20190104110015_13924278/ <![CDATA[RNS press release - Change of Director's Interest Notice x2 ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20190104075501_13923975/ Fri, 04 Jan 2019 18:55:01 +1100 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20190104075501_13923975/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20190102164046_13921559/ Thu, 03 Jan 2019 03:40:46 +1100 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20190102164046_13921559/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20190102163540_13921551/ Thu, 03 Jan 2019 03:35:40 +1100 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20190102163540_13921551/ <![CDATA[RNS press release - Report on Payments to Govts ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181228075901_13917583/ Fri, 28 Dec 2018 18:59:01 +1100 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181228075901_13917583/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181224075501_13914614/ Mon, 24 Dec 2018 18:55:01 +1100 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181224075501_13914614/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181220075502_13911067/ Thu, 20 Dec 2018 18:55:02 +1100 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181220075502_13911067/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181217075503_13905754/ Mon, 17 Dec 2018 18:55:03 +1100 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181217075503_13905754/ <![CDATA[RNS press release - Issue of Incentive Performance Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181130070004_13886127/ Fri, 30 Nov 2018 18:00:04 +1100 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181130070004_13886127/ <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181122073243_13876728/ Thu, 22 Nov 2018 18:32:43 +1100 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181122073243_13876728/ <![CDATA[RNS press release - Change of interests of substantial holder ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181109080005_13861426/ Fri, 09 Nov 2018 19:00:05 +1100 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181109080005_13861426/ <![CDATA[RNS press release - Response to recent media reports ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181029070007_13845089/ Mon, 29 Oct 2018 18:00:07 +1100 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181029070007_13845089/ <![CDATA[News - Berkeley Energia says Spain’s Nuclear Safety Council not the source of negative media reports ]]> https://www.proactiveinvestors.com.au/companies/news/208003/berkeley-energia-says-spains-nuclear-safety-council-not-the-source-of-negative-media-reports-208003.html Berkeley Energia Ltd (LON:BKY) has been advised by the Nuclear Safety Council in Spain that it was not the source of the widely circulated media reports that the government was intending to deny the permits for the Salamanca mine.

:READ: Caution over Berkeley Energia report casting doubt over Spanish government approval

Berkeley Energia is continuing to work with the Nuclear Safety Council in progressing the necessary approvals for the Salamanca mine and will keep the market fully informed of any developments.

 

 

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Mon, 29 Oct 2018 07:59:00 +1100 https://www.proactiveinvestors.com.au/companies/news/208003/berkeley-energia-says-spains-nuclear-safety-council-not-the-source-of-negative-media-reports-208003.html
<![CDATA[RNS press release - Notice of AGM ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181019070003_13834804/ Fri, 19 Oct 2018 17:00:03 +1100 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181019070003_13834804/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181018140021_13834288/ Fri, 19 Oct 2018 00:00:21 +1100 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181018140021_13834288/ <![CDATA[RNS press release - Berkeley responds to Spanish media reports ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181017092808_13832087/ Wed, 17 Oct 2018 19:28:08 +1100 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181017092808_13832087/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181017090606_13832025/ Wed, 17 Oct 2018 19:06:06 +1100 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181017090606_13832025/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181017090036_13832021/ Wed, 17 Oct 2018 19:00:36 +1100 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181017090036_13832021/ <![CDATA[RNS press release - ASX Trading Halt ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181017070005_13831414/ Wed, 17 Oct 2018 17:00:05 +1100 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181017070005_13831414/ <![CDATA[Media files - Caution over Berkeley Energia report casting doubt over Spanish government approval ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10883/caution-over-berkeley-energia-report-casting-doubt-over-spanish-government-approval-10883.html Wed, 17 Oct 2018 13:24:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/10883/caution-over-berkeley-energia-report-casting-doubt-over-spanish-government-approval-10883.html <![CDATA[News - Berkeley Energia seeks to clarify permit situation at Salamanca ]]> https://www.proactiveinvestors.com.au/companies/news/207278/berkeley-energia-seeks-to-clarify-permit-situation-at-salamanca-207278.html Berkeley Energia Ltd (LON:BKY) is seeking clarification after a report suggested its Salamanca uranium mine would not get Spanish government approval.

A Reuters report suggested Spain’s government would not issue the required permits for construction to go-ahead, even though the project was granted preliminary approval.

READ: Berkeley Energia on track for construction to begin at Salamanca late this year

The article highlighted also that opponents of the Salamanca project will have a majority on Spain's Nuclear Safety Council when it renews its board shortly.

In a statement, Berkeley said that it had received no official notice from the Nuclear Council nor any other government department to that effect.

The company added it had contacted both the Council and Energy and Environment Ministry to clarify the position.

Two permits are needed for the work to start - a local building licence and permission to handle radioactive waste.

Berkeley shares were suspended in Australia following the article but remained trading on AIM where they fell 45% to 14.4p, valuing the group at £43mln.

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Wed, 17 Oct 2018 10:13:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207278/berkeley-energia-seeks-to-clarify-permit-situation-at-salamanca-207278.html
<![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181016164047_13831166/ Wed, 17 Oct 2018 02:40:47 +1100 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181016164047_13831166/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181016163521_13831151/ Wed, 17 Oct 2018 02:35:21 +1100 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181016163521_13831151/ <![CDATA[RNS press release - Quarterly Report September 2018 ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181015070004_13827898/ Mon, 15 Oct 2018 17:00:04 +1100 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20181015070004_13827898/ <![CDATA[News - Berkeley Energia remains “firmly committed” but need local approvals ]]> https://www.proactiveinvestors.com.au/companies/news/207066/berkeley-energia-remains-firmly-committed-but-need-local-approvals-207066.html Berkeley Energia Ltd (LON:BKY) chief executive Paul Atherley has told investors that the company remains “firmly committed” to developing its Spanish uranium mine, though, he said that continuing investment would depend upon the company receiving approvals to start construction.

“We are working closely with the relevant authorities and are confident that with due process these approvals will be forthcoming, however, in the meantime, we are taking the necessary steps to reduce costs,” Atherley said, as the company released its quarterly report.

He added: “Over the past decade we have invested over €70mln into the Salamanca mine which is located in a region suffering from some of the highest levels of youth unemployment within the European Union.

READ: Berkeley Energia welcomes Spanish support for Salamanca project

“Our future €250mln investment requires no government subsidy, will potentially generate over 2,500 direct and indirect jobs, will stimulate the return of services such as schools, petrol stations and transport to the local villages and has the potential to bring back some of the 120,000 mainly young people who have left the area over the last few years to look for employment.”

Berkeley’s quarterly report highlighted strong and growing local support for the Salamanca mine project – with a campaign receiving over 1,600 signatures, and some 22,850 job applications sent to the company.

The company noted that it is working closely with its legal advisors and it continues to seek an express resolution from the local municipality on the award of the Urbanism Licence. There are two outstanding items, which the company said it has now responded to.

It expects to will issue a further update to the market in due course regarding the likely timing of the commencement of construction. It added that, in the absence of certainty over the timing, it is initiating a programme to reduce local and corporate costs.

Looking outward, the company noted continued strength in the uranium price during the quarter, with the price up 21% ending the period at $27.38.

Berkeley noted that it has received a number of enquiries from the US, China and India for substantial term contract offtake commitments.

The company has 2.75mln pounds of U3O8 under contract for the first six years with a further 1.25mln pounds of optional volume, at an average price above US$42.

It said it will continue to progressively build its offtake book and has granted the Oman sovereign wealth fund the right to match any future long-term offtake transactions.

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Mon, 15 Oct 2018 08:54:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207066/berkeley-energia-remains-firmly-committed-but-need-local-approvals-207066.html
<![CDATA[RNS press release - Annual Report to Shareholders ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20180928104924_13808927/ Fri, 28 Sep 2018 19:49:24 +1000 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20180928104924_13808927/ <![CDATA[News - Berkeley Energia welcomes Spanish support for Salamanca project ]]> https://www.proactiveinvestors.com.au/companies/news/206001/berkeley-energia-welcomes-spanish-support-for-salamanca-project-206001.html Berkeley Energia Ltd (LON:BKY), in the mine developer’s financial results statement, told investors that the Salamanca project continues to receive strong support among key stakeholders in Spain.

The company highlighted that there’s growing awareness of the benefits the project will bring to the region, and, notably, following a new listing process during the period Berkeley is now the only mining company listed in Spain.

Salamanca is advancing towards construction, and subsequently into production.

READ: Berkeley Energia on track for construction to start this year

In the results statement, Berkeley said: “The company's focus this year has been on conducting a detailed project review, aimed at ensuring that the optimal capital and operating costs are achieved.

“This was finalised subsequent to the end of the year and a further €9mln of potential capital cost savings have been identified.

“The company, which already sits at the bottom of the cost curve, will continue to identify any further areas for potential cost savings as it continues towards construction.”

In the financial results statement, the pre-revenue mine developer stated an “extremely strong financial position” ending the period with A$101mln of cash.

It reported an A$4.7mln loss for the year.

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Fri, 28 Sep 2018 14:47:00 +1000 https://www.proactiveinvestors.com.au/companies/news/206001/berkeley-energia-welcomes-spanish-support-for-salamanca-project-206001.html
<![CDATA[News - Berkeley Energia’s Salamanca project receives support from local community ]]> https://www.proactiveinvestors.com.au/companies/news/204262/berkeley-energias-salamanca-project-receives-support-from-local-community-204262.html Berkeley Energia Ltd’s (LON:BKY) Salamanca project in Spain has received local community support through a petition signed by nearly 1,500 residents from towns surrounding the site.

The Uranium miner said that local residents had cited job creation, which would allow young residents to remain in their hometowns and reverse decades of depopulation, as a key reason for supporting the petition, adding that a majority of the on-site team had already been recruited from the local area.

READ: Berkeley Energia announces potential cost savings at Salamanca mine

Berkeley also said that Spanish daily newspaper La Gaceta had featured a large article highlighting that local support for the project is “massive and unanimous” and “supporting and developing the local communities are two of the foundations on which Berkeley’s project is based”.

To date, the company has received over 22,500 job applications with 400 of those coming from villages surrounding the project and of those, over 110 from the local village of Villavieja, representing 25% of its population.

Paul Atherley, managing director of Berkeley Energia, said: “We are thrilled that so many local residents turned out to support our project over the past few days demonstrating the huge amount of support for the Salamanca mine, which is located in a region experiencing some of the highest levels of youth unemployment in the European Union.

He added: “Development of the mine will stimulate the return of services such as schools, petrol stations and transport to the local villages and will help to bring back some of the 25,000 mainly young people who left the area last year to look for employment”.

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Wed, 05 Sep 2018 15:57:00 +1000 https://www.proactiveinvestors.com.au/companies/news/204262/berkeley-energias-salamanca-project-receives-support-from-local-community-204262.html
<![CDATA[RNS press release - Change of Director's Interest Notice ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20180822083307_13764300/ Wed, 22 Aug 2018 17:33:07 +1000 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20180822083307_13764300/ <![CDATA[RNS press release - Issue of shares, Performance Rights & Appendix 3B ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20180817070003_13758917/ Fri, 17 Aug 2018 16:00:03 +1000 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20180817070003_13758917/ <![CDATA[RNS press release - Quarterly Report June 2018 ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20180730070008_13735191/ Mon, 30 Jul 2018 16:00:08 +1000 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20180730070008_13735191/ <![CDATA[News - Berkeley Energia on track for construction to begin at Salamanca late this year ]]> https://www.proactiveinvestors.com.au/companies/news/201810/berkeley-energia-on-track-for-construction-to-begin-at-salamanca-late-this-year-201810.html Construction and commissioning phases are expected to commence at the Salamanca uranium mine owned by Berkeley Energia Ltd (LON:BKY) late 2018 and 2019 respectively, subject to receipt of permits.

Berkeley Energia has also recently identified further cost savings amounting to a potential €9mln, through the optimisation of plant capacities, outsourcing of peripheral infrastructure and reducing initial throughput for production from the Retortillo deposit.

WATCH: Berkeley Energia begins trading on main board of London Stock Exchange

The company retains strong support from key stakeholders after more than 200 of Salamanca's business community came together in support for the €250mln investment involved in Salamanca.

It helps that Berkeley Energia is now listed in Spain, the only mining company on the bourse.

The firm has also received the backing of the local community, with a recent petition supporting its project signed by nearly 1,500 residents in towns surrounding the site.

READ: Berkeley Energia’s Salamanca project receives support from local community

The company has also recorded over 22,500 job applications for the project, with 400 of those coming from nearby villages and of those, over 110 from the local village of Villavieja, representing 25% of its population.

The company has 2.75mln pounds of U3O8 under contract for the first six years, with a further 1.25mln pounds of optional volume, at an average price above US$42, compared with a spot price of US$27.2 per pound.  

At the moment, work is supported by a cash balance of US$101mln.

“Our potential €250mln investment will rejuvenate a local community which is suffering from long-term depopulation and some of the highest levels of youth unemployment within the EU,” said managing director Paul Atherley.

“But our investment also goes beyond just employment - it will boost local businesses, improve schools that haven't been refurbished for decades and see other key services such as petrol stations return to the area."

With shares trading at 32.6p, Berkeley Energia has a market cap of around £85.9mln.

--Adds community petition, share price & market cap, and updates spot price--

 

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Mon, 30 Jul 2018 08:36:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201810/berkeley-energia-on-track-for-construction-to-begin-at-salamanca-late-this-year-201810.html
<![CDATA[RNS press release - Securities Trading Policy ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20180720080001_13725498/ Fri, 20 Jul 2018 17:00:01 +1000 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20180720080001_13725498/ <![CDATA[RNS press release - BKY becomes Spain's only listed mining company ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20180718070004_13721643/ Wed, 18 Jul 2018 16:00:04 +1000 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20180718070004_13721643/ <![CDATA[RNS press release - Dealing to commence ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20180713130002_13717617/ Fri, 13 Jul 2018 22:00:02 +1000 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20180713130002_13717617/ <![CDATA[RNS press release - Berkeley announces further potential cost savings ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20180709070004_13709602/ Mon, 09 Jul 2018 16:00:04 +1000 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20180709070004_13709602/ <![CDATA[News - Berkeley Energia announces potential cost savings at Salamanca mine ]]> https://www.proactiveinvestors.com.au/companies/news/200330/berkeley-energia-announces-potential-cost-savings-at-salamanca-mine-200330.html 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: Berkeley Energia thanks government of Castilla y León for continued support

The initiatives proposed will be taken forward to detailed engineering in parallel with the commencement of planned on-site construction activity, including site preparation, bulk earthworks and initial civil construction works.

Berkeley Energia said the proposed modifications remain consistent with the future expansion of production from Zona 7 and Alameda.

Paul Atherley, managing director and CEO, said:"The review has identified potential up-front cost savings at the Salamanca mine which capitalises on the well-established EU infrastructure.”

He added: “There is strong local support for our mine from nearby residents, over 25% of whom have applied for jobs with us, and from Salamanca's business community, who turned out in force with over 200 people attending our recent update evening at the historic Colegio Arzobispo Fonseca.”

“Looking forward the €250 million investment by London Main Board listed Berkeley will be an important post Brexit bilateral trade deal,” Atherley said.

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Mon, 09 Jul 2018 07:32:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200330/berkeley-energia-announces-potential-cost-savings-at-salamanca-mine-200330.html
<![CDATA[RNS press release - Change of Director's Interest Notice ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20180704070005_13704580/ Wed, 04 Jul 2018 16:00:05 +1000 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20180704070005_13704580/ <![CDATA[RNS press release - Salamanca continues to receive stakeholder support ]]> https://www.proactiveinvestors.com.au/companies/rns/120/LSE20180702070005_13700560/ Mon, 02 Jul 2018 16:00:05 +1000 https://www.proactiveinvestors.com.au/companies/rns/120/LSE20180702070005_13700560/