12th Oct 2018 08:07
LONDON (Alliance News) - Copper mining & development company Atalaya Mining PLC on Friday confirmed it is conducting a review of its strategic options, after media reports of a possible sale of the company.
On Thursday, Reuters, citing two unnamed banking sources, reported that Atalaya was seeking a buyer.
As a response to "recent press speculation" concerning the company, Atalaya said: "The review is ongoing and there is no guarantee that any particular course of action will proceed."
Atalaya is focused on the expansion of its Proyecto Riotinto and the development of Proyecto Touro, both located in Spain.
Shares in the company were trading 1.4% higher at 231.22 pence each early Friday.
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