12th Aug 2026 08:18
Atalaya Mining Copper SA - owner and operator of Spain's Proyecto Riotinto copper mine - Urion Investment Holdings Ltd, part of the Trafigura group, fully exits its holding in Atalaya via a share placing run by JP Morgan SE and BMO Capital Markets Ltd. Trafigura sells 16.8 million shares at 915 pence each, banking GBP154 million. Atalaya will receive no proceeds from the sale, as it is of existing shares. They represent just under 11% of Atalaya's equity, and the sale leaves Trafigura with no Atalaya stake. Trafigura in February sold 14.0 million Atalaya shares, an 8.5% stake, at 945p, worth GBP132 million. Trafigura is a Singapore-based commodities supply chain firm.
Atalaya earlier Tuesday reported revenue of EUR147.4 million for the second quarter of 2026, up from EUR124.1 million a year before. Copper production rose to 13,493 tonnes from 13,175 tonnes.
Current stock price: 930.00p, down 6.3% in London early Wednesday
12-month change: up 78%
By Tom Waite, Alliance News editor
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