Berkeley Energia orders first equipment for uranium mine build
The proceeds from its recent share placing have allowed it to order primary and secondary crushers from the engineering and tooling giant Sandvik.
Company
LON:BKY
Berkeley Energia Limited (BKY LSE/ASX/BME) is a high impact, clean energy company focused on bringing its wholly owned Salamanca project into production. This world class uranium project is being developed in an historic mining area about three hours west of Madrid, Spain.
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The proceeds from its recent share placing have allowed it to order primary and secondary crushers from the engineering and tooling giant Sandvik.
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First deal done: now Berkeley said it is in discussions with other potential ‘off-takers’.
Broker Numis is getting bullish on uranium again following a new marketing initiative from the Kazakh government. Kazatomprom, the Kazakh-state uranium producer, is the largest producer in the world accounting for 39% of global mine product
“In our view, the current spot price reflects short term oversupply with the largest factor being the growth in Kazakh spot production,” said Chan.
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Just a day after outlining plans to bring in up to US$1.2bn of new funds, Sirius revealed on Thursday the process was ostensibly complete.
Companies covered: ANGLE, Berkeley Energia, Best of the Best, Deltex, Forbidden Technologies, Frontier IP, Iofina, Ironridge, ITM Power, LGO Energy, Netscientific, Redx, ServicePower, Strategic MineralsPLC
DFS's former largest shareholder has cut its stake in the furniture retailer again
Berkeley is looking to raise between £16.1mln and £24.1mln
Salamanca has the potential to be Europe’s only major uranium mine.
Peel Hunt's initiation price target is 93p but 159p is a possibility reckons the broker.
Berkeley Energia is now lining up customers for the uranium that will come from its Salamanca mine in Spain
As our mining expert Alastair Ford pointed out, its been a long hiatus with no corporate activity of any real significance at the junior level for nearly seven years, but deals are now popping up.
Berkeley highlighted the US$100mln project has the potential to be Europe's only major uranium mine and one of the biggest producers in the world. It will provide over 450 new jobs and an estimated 2,700 indirect jobs.
The round up of headlines from the Proactive news desk.
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Round up of this week's mining headlines from the world of Proactive.
This is very positive news from Berkeley and shows the appetite for new sources of uranium supply - analyst Paul Smith.
Berkeley Energia Ltd (ASX:BKY) has signed an agreement with a European based commodity trading company for the sale of the first million pounds of uranium from the Salamanca mine in Spain.
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Weekly round up of mining headlines from the world of Proactive.
Aura Energy Ltd debuted AIM market on Monday after raising £2.24mln from London investors.
Berkeley Energia's ongoing drill programme at Salamanca has hit more high grade uranium
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A round up of the week's mining headlines from Proactive.
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Shares in GSK rose 25p, or 1.5%, to 1692p after it reported a 4% rise in group sales to £6.5bn
Salamanca, says the group, will be one of the globe's top ten producers and among the lowest cost producers
Investments and investor services
The FTSE 100 Index rose 16.8 points to 6740.83 as second quarter UK GDP growth rose
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A weekly round up of the mining news from the world of Proactive.
Output from Salamanca is likely to be in the order of 4.4mln pounds of uranium a year, generating an annual average net profit of US$116mln. Peak annual EBITDA will be US$226.3mln.
Berkeley Energia Ltd (ASX:BKY) is preparing to provide an update on the Definitive Feasibility Study at the wholly-owned Salamanca project, which is located in a historic uranium mining area in western Spain.
Berkeley Energia suspends shares, KEFI Minerals shuffles its board, and Scancell's technology is highlighted by the scientific community.
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A weekly round-up of mining news from the world of Proactive.
The agreement was with the RCF V Annex Fund, which has bought a 0.375% net smelter royalty for the Salamanca uranium project in Spain.
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A snapshot of today's small company news highlights
Shares in Premier Farnell shot up to 164p as Daetwyler launched an agreed 165p a share offer
The drilling will test the Zona 7 deposit as well as a potentially high-grade area nearby.
Brent crude is up over US$51 a barrel at the time of writing, 1.59% higher
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It has a 1% net smelter return on production from Berkeley Energia’s Spanish and Portuguese assets, which it bought for US$3mln (A$4.1mln) in 2009.
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Avation delivers another 600 seater, Green Dragon posts first profits and less is a more at blur Group.
A definitive feasibility study is anticipated in June, and it is expected to confirm Salamanca’s robust economics even at low uranium prices.
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A selection of the weeks small cap mining news......
Strong share price gains, if not exactly common, are at least now occasionally happening.
Royalty income has increased markedly for Anglo Pacific, and there's more expansion on the way
Berkeley Energia is starting development of its uranium project in western Spain
In all 10,000 metres will be drilled to assess the full potential of the ground. A total of 11 targets have been identified after what is described as an “extensive geological review” based on the reinterpretation of geophysical and histori
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Goldplat got a boost from a new resource statement for its project at its gold recovery operations in South Africa.
Berkeley expects annual saleable production over the life of mine of 3.0Mlb of uranium.
The latest drilling results, from just three holes, will hopefully help improve further the overall economics of the larger Salamanca Project, in western Spain, which includes Zona 7.
Investments and investor services
Forte Energy, Ferrexpo and MX Oil were also in the news on Thursday
Ariana Resources, Berkeley Energia and Rambler Metals & Mining also made headlines this week
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Ferrex, Oilex and Allergy Therapeutics also had news out on Monday
The company has kicked-off optimisation studies on the Salamanca uranium project in Spain
The FTSE 100 Index pared losses to stand 1.5 points up at 6414 by lunchtime
The FTSE 100 Index was 27.26 points off at 6385 in morning trading
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Fastjet, Ortac Resourves and Genel Energy also had news out...
The target commencement date is mid-2016 and the company said it has been swamped with applications for work.
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There is a slight suspicion that things are falling into place at Salamanca faster than the company had expected
“The idea is to build a mine that will work in any economic environment.”
Anglo Pacific’s (LON:APF) chief executive Julian Treger has given a ringing endorsement of the latest resource upgrade from Berkeley Energy (LON:BKY).
Investments and investor services
Below are the main share news-driven price movements at 4pm.
Reported grades are in line with some of world’s best open pits.
Investments and investor services
The FTSE 100 ended the day around some 2.5% lower, 150 points, at 5,958.
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A look back at the main news from the small cap space.
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Chinese industrial profits in August declined at fastest annual pace since records began
Below are the main news-driven share price movements at 4pm.
Investments and investor services
Downbeat news on Chinese industrial profits drags down shares
Fresh drill results from the infill drill programme at Zona 7 look set to increase overall grade
GMP has kicked the tyres at Berkeley Energy's Salamanca project, and come away with a favourable impression.
Berkeley Energy welcomed "impressive" metallurgical testing ore at the Salamanca uranium project...