15th Mar 2016 08:03
LONDON (Alliance News) - Berkeley Energia Ltd Tuesday said it has started developing the Salamanca project in Spain following a decade of exploration work and USD60.0 million of investment.
The uranium project has been awarded all the major approvals needed for development to begin, and work on the ground will start imminently.
Contracts covering the initial work have been awarded, included for the re-routing of the existing electrical power line to service the project and a four kilometre realignment of an existing road to allow for the commencement of mining of the Retortillo pit.
The selected contractor for the re-routing of the existing power line is Iberdrola, the owner of the line and Berkeley's study partner on all radiological aspects of the Salamanca project. The selected contractor for the road deviation is Excavaciones y Transportes Cerezo, a specialised mining contractor.
Berkeley said it has received over 19,000 job applications for the first 200 job vacancies that have been made available at the project, and said it will continue to invest and cooperate to promote local employment in a region with a high level of unemployment, especially amongst its youth.
"This investment is expected to significantly boost the regional economy by creating long term jobs, increasing skill levels through training programmes and establishing important infrastructure which will benefit the whole community," said Berkeley.
By Joshua Warner; [email protected]; @JoshAlliance
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