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Berkeley Energia seeks to clarify permit situation at Salamanca

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

Uranium
Salamanca is a substantial uranium project

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.

Quick facts: Berkeley Energia Ltd

Price: 15.75 GBX

LSE:BKY
Market: LSE
Market Cap: £40.71 m
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Watch

Caution over Berkeley Energia report casting doubt over Spanish government...

Numis Securities analyst Justin Chan chats to Proactive London's Andrew Scott following a Reuters report suggesting Spain’s government will not issue the required permits for construction of Berkeley Energia Ltd 's (LON:BKY) Salamanca mine to go-ahead, even though the project was granted...

on 17/10/18

2 min read