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Berkeley Energia targets potential savings of up to €9m

Monday, 9th July 2018
Energy group Berkeley Energia said Monday it had identified cost saving of up to €9m following a capital cost revenue.

The company identified a number of areas in which to cut costs including optimising plant capacities, outsourcing peripheral infrastructure and reducing initial throughput for production from the Retortillo deposit and right-sizing of the associated plant.

'The review has identified potential up-front cost savings at the Salamanca mine which capitalises on the well-established EU infrastructure,' the company said.

The proposed modifications remained consistent with the future expansion of production from Zona 7 and Alameda.

At 9:39am: (LON:BKY) Berkeley Energia Ltd share price was +1p at 43.75p

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