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Berkeley Energia to start Salamanca mine construction

Tuesday, 12th December 2017
Berkeley Energia is awarding major contracts and filling key management positions for construction of the Salamanca mine, commencing in the new year.

The company said it was committed to Spanish engineering excellence and had selected Sanchez y Lago, one of Spain's major construction companies as the contract miner.

Berkeley Energia said Sanchez y Lago had over 35 years of mining experience around the world and currently operates at Atalaya's Rio Tinto mine in Spain.

It said that Amec Foster Wheeler, now part of the FTSE 250 listed Wood Group, had been selected to deliver a fixed price EPC solution for the construction of the mine, plant and associated infrastructure.

It said the mining and EPC contracts were expected to be executed in the new year, with mobilisation of equipment to occur shortly thereafter.

It added: 'Within these contracts, a key focus is cost management to ensure that the project is built and operated within budget and in a timely manner.'

The group said that as part of its commitment to reduce unemployment in the region, approximately 50% of new staff required for the first phase of construction activity would be recruited from the local villages of Retortillo and Villavieja.

And it said that following consultations with the residents of the local community a number of infrastructure improvements to neighbouring villages had been identified, which the company was looking to progress in the coming months.

In addition to the selection of contractors the company said it was making key appointments to the owner's team having recently appointed Sergio Arenas as process superintendent.

Arenas has over a decade of international operating experience and joins an exceptional Spanish management team with a strong track record of delivery on projects.

Managing director Paul Atherley said: 'Having completed the financing, we have selected our preferred mining and construction contractors and will be pouring concrete in the new year.

'We are commencing construction just as the industry leaders Cameco and Kazatomprom implement major production cuts at their Tier I mines which will tip the uranium market into the long awaited supply deficit during 2018.'




Story provided by StockMarketWire.com

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