Proactive Investors - Run By Investors For Investors

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.

View full BKY profile View Profile

Berkeley Energia Ltd Timeline

Related Articles

1532936443_uranium.jpg
October 02 2018
The Salamanca project retains considerable support locally
Biomass power station
02:04
The AIM-listed renewable energy and forestry management business has developed a fuel substitute called CoalSwitch made from waste wood normally left to decompose following forestry operations
Offshore oil rig
November 01 2018
Calculated EMV10s for the contingent resources stood at US$118mln and US$82mln for the prospective resources

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use