Berkeley Energia Limited (DI) (BKY)

Sector:

Mining

17.00p
   
  • Change Today:
    -1.75p
  • 52 Week High: 38.00p
  • 52 Week Low: 13.50p
  • Currency: UK Pounds
  • Shares Issued: 445.80m
  • Volume: 393,239
  • Market Cap: £75.79m

Berkeley Energia finally begins development at Salamanca

By Josh White

Date: Tuesday 11 Oct 2016

LONDON (ShareCast) - (ShareCast News) - Berkeley Energia commenced development of the Salamanca project in Western Spain in August, it confirmed in an update on Tuesday, after a decade and $60m of investment.
The AIM-traded firm said the $100m project has the potential to be Europe's only major uranium mine and one of the biggest producers in the world once in production, supplying over four million pounds of uranium concentrate per annum, equivalent to approximately 10% of the continent's total requirement.

It claimed the investment will help rejuvenate a local community severely impacted by unemployment with over 450 new jobs, an estimated 2,700 indirect jobs and will inject new business opportunities into local companies and suppliers.

With shipments commencing in 2018 the mine will supply customers in Europe, the US and Asia, Berkeley's board said, many of whom are expanding their nuclear reactor fleets to meet 2030 carbon targets with 65 new reactors currently under construction worldwide.

Demand for uranium is expected to grow significantly from 2018 as US and EU utilities commence re-contracting for uranium supply, it added.

"We are extremely pleased with the continued local support we are receiving which is fantastic and in return we remain absolutely committed to revitalising the local community, bringing much needed jobs, training and new business activity to the area," said managing director Paul Atherley.

"After a decade of investment we are absolutely delighted to start development of the initial infrastructure which paves the way for the main construction early next year.

"As work on the ground progresses we move closer to our goal of being one of the world's lowest cost uranium producers, reliably supplying long term customers from the heart of the European Union."

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BKY Market Data

Currency UK Pounds
Share Price 17.00p
Change Today -1.75p
% Change -9.33 %
52 Week High 38.00p
52 Week Low 13.50p
Volume 393,239
Shares Issued 445.80m
Market Cap £75.79m

BKY Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
2.12% above the market average2.12% above the market average2.12% above the market average2.12% above the market average2.12% above the market average
9.92% below the sector average9.92% below the sector average9.92% below the sector average9.92% below the sector average9.92% below the sector average
Price Trend
7.68% below the market average7.68% below the market average7.68% below the market average7.68% below the market average7.68% below the market average
37.06% above the sector average37.06% above the sector average37.06% above the sector average37.06% above the sector average37.06% above the sector average
Income Not Available
Growth
64.67% above the market average64.67% above the market average64.67% above the market average64.67% above the market average64.67% above the market average
74.60% above the sector average74.60% above the sector average74.60% above the sector average74.60% above the sector average74.60% above the sector average

BKY Dividends

No dividends found

Trades for 12-Apr-2024

Time Volume / Share Price
17:05 4,000 @ 17.00p
16:40 10 @ 17.00p
16:40 9 @ 17.00p
16:40 1 @ 17.00p
16:25 58,254 @ 18.50p

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