https://www.miningweekly.com

EU watchdog approves Berkeley uranium sale

21st March 2017

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – The governing body for all nuclear fuel transactions in the European Union has given consent for ASX-listed Berkeley Energia to sell uranium from its Salamanca mine, in Spain.

Berkeley Energia in November of last year inked a sales agreement with Curzon Resources for a total of two-million pounds of uranium over a five-year period, with the scope to increase offtake to three-million punds.

The agreement was priced at an average of $43.78/lb of contracted and optional volumes.

Berkeley Energia told shareholders on Tuesday that the company is in discussions with other potential offtakeers for contracts on similar terms.

Construction of the Salamanca mine has started and first production is scheduled for late 2018. The Salamanca project is expected to deliver about 4.3-million pounds a year of uranium oxide over a mine life of 18 years.

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION