Berkeley Energia Limited (BKLRF)
- Reuters
Berkeley seeks $1 billion in damages from Spain over uranium mine dispute
Australian mining group Berkeley Energia said on Tuesday it had filed a request for an arbitration to seek $1 billion in damages from the Spanish government after it refused to give final approval for its uranium mine project. The Retortillo project, Berkeley's main asset, received preliminary approval in 2013, but Spain's Energy Ministry refused to approve the project located near the central city of Salamanca first in 2021 and again in 2023. A spokesperson for the Energy Ministry said the government blocked the project based on a report from the country's Nuclear Security Council but declined to comment on the arbitration.
- Simply Wall St.
Both retail investors who control a good portion of Berkeley Energia Limited (ASX:BKY) along with institutions must be dismayed after last week's 13% decrease
Key Insights Berkeley Energia's significant retail investors ownership suggests that the key decisions are influenced...
- Reuters
Berkeley to take uranium mine dispute with Spain to arbitration
Australian mining group Berkeley Energia will take its dispute with Spain to international arbitration after the country refused to give final approval to a uranium mine near the city of Salamanca, the company said on Wednesday. The Retortillo project, Berkeley's main asset, received preliminary approval in 2013 but has since run into hurdles, including opposition from nearby communities and safety concerns from regulatory authorities. Berkeley had estimated investment in excess of 250 million euros ($269 million) and more than 2,500 jobs in the region.
