Atalaya Mining PLC - Update on Proyecto Touro Permitting
("Atalaya" or "the Company")
Update on Proyecto Touro Permitting
The "Dirección Xeral de Calidade Ambiental e Cambio Climático", (the
The short release stated that the decision is based on two reports which form part of a wider evaluation consisting of fifteen reports produced by different departments of the Xunta de Galicia. These two reports challenge the ability of the Company to guarantee that there will be no environmental impact of the Project on the
The Company is currently awaiting the formal communication from the Xunta de Galicia. In the meantime the Company, along with its advisers, will evaluate potential next steps for the Project, which could include an appeal of the decision made by the Xunta de Galicia, and/or the clarification of the questions raised by the reports.
The Company will update the market on any development in due course.
"Proyecto Touro has been designed with a fully lined tailings storage facility, constructed downstream using compacted rocks and with a guaranteed zero discharge policy following international standards and best practice.
"We are very surprised by the public statements made by the representative of the
"We will continue to explore all possible avenues to develop the Proyecto Touro and shall build on the excellent work performed by a very large team of world class specialists, including all the Universities of Galicia, for over 2 years and containing over 15,000 pages of reports, all of which have been questioned without the Company being further consulted."
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) no 596/2014.
| || || |
+ 44 20 3757 6880
| || |
+44 20 3170 7973
(NOMAD and Joint Broker)
| || |
+44 20 7523 8000
| || |
+44 20 7236 1010
| || |
+44 20 7418 8900
Atalaya is an AIM and TSX-listed mining and development group which produces copper concentrates and silver by-product at its wholly owned Proyecto Riotinto site in southwest
This information is provided by RNS, the news service of the
Quick facts: Atalaya Mining
Market Cap: £120.17 m
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...FOR OUR FULL DISCLAIMER CLICK HERE