The mining group planning to open the only open-cast uranium mine in the European Union suffered a 40 per cent slump in its value yesterday amid reports that it had been denied permits. Only two days earlier Berkeley Energia, which is listed in Britain, Australia and Spain, had issued a positive update insisting that it was working closely with legal advisers to resolve two outstanding licensing issues for the mine near Salamanca, in Spain. However, Spanish media said that the country’s government had decided not to award it the two permits necessary to open the mine, despite having granted it preliminary approval in early 2013. It was awaiting a building licence and government authorisation to handle radioactive waste. “The government will wait for the ongoing proceedings to go through, but it will say ‘no’,” a government source told Reuters.
Times 18th Oct 2018 read more »
FT 17th Oct 2018 read more »