9th Jul 2018 10:18
LONDON (Alliance News) - Clean energy company Berkeley Energia Ltd said Monday that it has found several opportunities to reduce its initial capital expenditure by EUR9 million to bring the Salamanca mine located in Spain into production.
The cost saving initiatives includes the optimisation of plant capacities within the overall process design; the outsourcing of peripheral infrastructure, and reducing initial throughput for production from the Retortillo deposit and right-sizing of the associated plant, the company said.
The proposed modifications remain consistent with the future expansion of production from Zona 7 and Alameda.
"The review has identified potential up-front cost savings at the Salamanca mine which capitalises on the well-established EU infrastructure. There has been uranium mining in this district for over 40 years and we are immensely proud of the work by our Spanish team who are developing the project to the world's highest environmental standards," said Managing Director Paul Atherley.
Shares in Berkeley Energia were up 2.2% at 43.70 pence on Monday.
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