Berkeley Energy Limited Major permits in place for the Salamanca project (9010C)
21 Ottobre 2015 - 8:00AM
UK Regulatory
TIDMBKY
RNS Number : 9010C
Berkeley Energy Limited
21 October 2015
BERKELEY ENERGY LIMITED
AIM RELEASE | 21 OCTOBER 2015 | AIM/ASX:BKY
Major permits in place for the Salamanca project
Following the gazetting of the approval from the Ministry of
Industry, Energy and Tourism the Company has now received all the
European Union, National, Regional and Provincial level approvals
required for the initial infrastructure development of the
Salamanca project.
The final stages of the local approvals are well advanced and
expected to be finalised well ahead of the target commencement date
of mid-2016.
Managing Director Paul Atherley commented: "With these approvals
in hand there is a growing realisation that the project is rapidly
moving into the development phase.
We have now received over 18,000 applicants for the first 200
jobs the Salamanca project will be creating in a rural community
which has been hard-hit by inter-generational unemployment.
The project will generate over 450 direct jobs and the
University of Salamanca has estimated a further 2,300 indirect jobs
will be created, making Berkeley one of the largest employers in a
community which has suffered badly from the effects of rural
desertification."
The Ministerial Order was signed by the Secretary of State for
Energy and has now been gazetted which grants Berkeley's
subsidiary, Berkeley Minera España, with the Initial Authorization
for the treatment plant as a radioactive facility.
With the Mining Licence and Environmental Licence already
obtained, the final approvals comprise the locally issued Urbanism
Licence and the Construction Authorisation by the Ministry of
Industry, Energy and Tourism.
A co-operation agreement with the relevant municipalities
supporting the grant of the Urbanism Licence has been signed and
the preparation of the documentation for the Construction
Authorisation is well advanced. Both approvals are expected to be
granted in advance of the expected commencement of site works in
mid-2016.
Managing Director Paul Atherley commented further: "The response
to our first skills training programs for locals, some of whom have
previously worked in the local uranium mining operations, has been
overwhelming.
It has given us an intimate insight into the benefits that the
employment will bring to the local community and has encouraged us
to expand our training programs into other areas."
Following the Board's decision to push ahead with the overall
development of the project and the recent positive announcements on
approvals, drill results and metallurgical test work, the Company
has received a number of approaches from potential financiers which
are now being advanced.
For further information contact:
Paul Atherley Hugo Schumann John Prior / Paul
Gillam
Managing Director Corporate Manager Numis Securities
Nomad & Broker
+44 207 478 3900 +44 207 478 3900 +44 207 260 1000
info@berkeleyenergy.com
This information is provided by RNS
The company news service from the London Stock Exchange
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