24
June 2024
Atalaya Mining
Plc.
("Atalaya" or "the Company")
Touro Awarded Strategic
Industrial Project Status
Project to be eligible for
simplified and fast tracked permitting process
Atalaya Mining Plc (LSE: ATYM) is
pleased to announce that Proyecto Touro has been declared a
strategic industrial project by the Council
of the Xunta de Galicia ("XdG").
Under legislation of the Autonomous
Community of Galicia, the status of strategic industrial project
(or in Spanish, proyecto industrial estratégico ("PIE")) acts to
simplify the administrative procedures associated with the
development of industrial projects and intends to substantially
reduce permitting timelines.
Proyecto Touro has been designed to
be a benchmark in sustainable mining in Europe and a milestone for
Galician industry. Copper production is expected to average
approximately 30 ktpa over a mine life of around 15 years. As a
result of the project's location in a region with high quality
infrastructure, capital intensity is expected to be very
competitive compared to most development projects globally.
Alberto Lavandeira, CEO, commented:
"We are very pleased to see that Proyecto Touro has been
declared a strategic industrial project by the Xunta de Galicia.
This declaration highlights the Xunta's commitment to promoting new
investment and fostering innovation. Atalaya has worked diligently
in the optimisation of Proyecto Touro to design a modern and
sustainable mining project.
Copper is critical for supporting the energy transition and we
are confident that the development of Touro will benefit the people
of Galicia and also become a new source of European copper
production.
Atalaya looks forward to working with the Xunta de Galicia and
key stakeholders in the region to advance this important
project."
Contacts:
|
SEC Newgate UK
|
Elisabeth Cowell / Tom Carnegie /
Matthew Elliott
|
+44 20
3757 6882
|
|
Atalaya Mining
|
Michael Rechsteiner
|
+34 959 59
28 50
|
About Atalaya Mining Plc
Atalaya is a European copper
producer that owns and operates the Proyecto Riotinto complex in
southwest Spain. Atalaya's shares trade on the London Stock
Exchange's Main Market (Premium Segment) under the symbol
"ATYM".
Atalaya's operations include the
Cerro Colorado open pit mine and a modern 15 Mtpa processing plant,
which has the potential to become a central processing hub for ore
sourced from its wholly owned regional projects around Riotinto,
such as Proyecto Masa Valverde and Proyecto Riotinto East. In
addition, Atalaya has a phased earn-in agreement for up to 80%
ownership of Proyecto Touro, a brownfield copper project in the
northwest of Spain, as well as a 99.9% interest in Proyecto Ossa
Morena. For further information, please visit
www.atalayamining.com