Berkeley Energia Limited Salamanca continues to receive stakeholder support (1972T)
July 02 2018 - 2:00AM
UK Regulatory
TIDMBKY
RNS Number : 1972T
Berkeley Energia Limited
02 July 2018
BERKELEY ENERGIA LIMITED
NEWS RELEASE | 2 July 2018 | LSE/ASX: BKY
Salamanca mine continues to receive strong stakeholder
support
Berkeley Energia would like to thank the Government of Castilla
y León for their continued support for the Salamanca mine, as
evidenced by their decision last week to reject a resolution from
opposition groups requesting that Berkeley's EUR250 million
investment be halted.
This decision reinforces the support the Company received on 13
June 2018 when over 200 members of Salamanca's business community
came together in support for Berkeley Energia's investment, which
will create 2,500 jobs in a region which has lost over 120,000
people over the past five years.
Berkeley Energia enjoys a good relationship with its key
stakeholders, recently the Company met with the Portuguese Minister
of the Environment, the Hon. Mr. D. João Pedro Matos Fernandes, who
understood the importance of the investment to the region and
confirmed that the Portuguese government had not taken any steps to
stand in the way of the mine.
To date, the Company has received over 22,500 job applications
with 400 of those coming from villages surrounding the project and
of those, over 110 from Villavieja alone, which represents 25% of
the population of the village.
Managing Director and CEO, Paul Atherley, said:
"There is a huge amount of support for the Salamanca mine, which
is located in a region experiencing some of the highest levels of
youth unemployment in the European Union.
Earlier this year the Minister of Economy and Finance for
Castilla y Leon, Pilar del Olmo, heralded the investment that the
Company is making in the region, commenting that the Salamanca mine
will bring 'a generation of direct employment.'
Development of the mine will stimulate the return of services
such as schools, petrol stations and transport to the local
villages and will help to bring back some of the 25,000 mainly
young people who left the area last year to look for
employment.
If young people want to stay and take on the meaningful careers
that are created by economic development, they will get married and
hopefully have families which will rejuvenate once-thriving local
villages.
We are incredibly proud of our investment and the rejuvenation
it will bring to the local community.
We of course recognise that aspects of any project will generate
opposition and we have a responsibility to accommodate genuine
concerns raised ensuring that our investment meets the very highest
environmental and community standards.
We welcome this scrutiny that will help rank the Salamanca mine
among the very best mines in the world and a source of pride
throughout Spain."
For further information please contact:
Berkeley Energia Limited +44 20 3903 1930
Paul Atherley, Managing Director and info@berkeleyenergia.com
CEO
Sean Wade, Chief Commercial Officer
Berenberg (Joint Broker) +44 20 3207 7800
Matthew Armitt
James Brooks
Tamesis Partners (Joint Broker) +44 203 882 2868
Charles Bendon
Richard Greenfield
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END
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