Berkeley Energia Limited Commencement of development of Salamanca project (0637S)
2016年3月15日 - 4:00PM
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RNS Number : 0637S
Berkeley Energia Limited
15 March 2016
BERKELEY ENERGIA LIMITED
AIM RELEASE | 15 MARCH 2016 | AIM: BKY
Commencement of development of the Salamanca project
Commencement of development of the Salamanca project is now
underway. Following a decade of exploration and feasibility studies
and more than US$60 million of investment the company has selected
some of Spain's largest infrastructure contractors to initiate
work.
With all major approvals in place and with the strong support
and backing of the authorities, activities on the ground will
commence shortly.
The contracts include the re-routing of the existing electrical
power line to service the project and a four kilometre realignment
of an existing road to allow for the commencement of mining of the
Retortillo pit.
The selected contractor for the re-routing of the existing power
line is Iberdrola, the owner of the line and Berkeley's study
partner on all radiological aspects of the Salamanca project.
Iberdrola is an IBEX 35 company and one of the leading players in
the Spanish energy generation and distribution business with a
workforce of more than 30,000 employees in dozens of countries
across four continents serving around 32 million customers.
The selected contractor for the road deviation is Excavaciones y
Transportes Cerezo, a specialized mining contractor that has
successfully carried out a number of major mining contracts in
Spain.
Berkeley has been by far the biggest investor in a rural
community suffering from decades of under investment and will
continue to invest and cooperate to promote local employment in a
region with a high level of unemployment, especially amongst its
youth. The company has to date received over 19,000 applications
for the first 200 job vacancies offered.
This investment is expected to significantly boost the regional
economy by creating long term jobs, increasing skill levels through
training programmes and establishing important infrastructure which
will benefit the whole community.
Berkeley has formalized its commitment to being a good neighbour
and a good community business partner through a cooperation
agreement with the highly supportive local municipalities which in
addition to significant royalties and taxes provides priority to
the employment and training of local residents and the preferential
support for businesses by sourcing goods and services locally.
Managing Director Paul Atherley commented:
"Salamanca has now moved into the development phase and the
local support we have received for the project is fantastic. We are
all very much looking forward to working closely with the local
community as we bring the much needed jobs, training and new
business activity to the area."
Paul Atherley Hugo Schumann Paul Shackleton / Nick
Prowting (Nomad)
Managing Director Corporate Jay Ashfield (Broker)
Manager
+44 207 478 +44 207 478
3900 3900 WH Ireland Limited
info@berkeleyenergia.com +44 207 220 1666
This information is provided by RNS
The company news service from the London Stock Exchange
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