Atalaya Mining PLC Development of solar plant at Proyecto Riotinto (9266Z)
24 Septiembre 2020 - 1:00AM
UK Regulatory
TIDMATYM
RNS Number : 9266Z
Atalaya Mining PLC
24 September 2020
24 September 2020
Atalaya Mining Plc.
("Atalaya" or "the Company")
Development of 50MW solar plant at Proyecto Riotinto
Atalaya Mining Plc (AIM:ATYM, TSX:AYM) is pleased to announce
that it has started the permitting process to develop a 50MW solar
plant at its Proyecto Riotinto (the "Solar Project"). The full
capacity of the Solar Project will be used for
self-consumption.
Proyecto Riotinto is located in an area with a natural abundance
of sunlight which is conducive to solar power generation. Technical
studies carried out by a third party during the past months have
indicated that, in addition to making a significant contribution to
reduce carbon emissions, the Solar Project is economically viable
and could potentially contribute to reducing Proyecto Riotinto's
operating costs.
The decision to pursue the Solar Project is in line with
Atalaya's ongoing commitment to environmental sustainability and to
continue to have a positive impact on the people, environment and
society surrounding the mine.
During the permitting period, the Company will evaluate the
various financing options that are being proposed by industry
players in Spain.
Subject to completing the permitting process and securing
financing, construction is targeted to commence by mid-2021.
Alberto Lavandeira, CEO, commented:
"We are pleased to be committing to this solar initiative which
will be one of the largest projects of renewable self-consumption
in the industry. This is only a first step in achieving our
long-term sustainability goals, but one that will have a positive
and near term impact on Proyecto Riotinto."
Contacts:
Elisabeth Cowell / Adam Lloyd / + 44 20 3757
Newgate Communications Tom Carnegie 6880
+44 20 3170
4C Communications Carina Corbett 7973
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Canaccord Genuity
(NOMAD and Joint Henry Fitzgerald-O'Connor / James +44 20 7523
Broker) Asensio 8000
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BMO Capital Markets Tom Rider / Michael Rechsteiner +44 20 7236
(Joint Broker) / Neil Elliot 1010
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Peel Hunt LLP +44 20 7418
(Joint Broker) Ross Allister / David McKeown 8900
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About Atalaya Mining Plc
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 Spain. In
addition, the Group has a phased, earn-in agreement for up to 80%
ownership of Proyecto Touro, a brownfield copper project in the
northwest of Spain. For further information, visit
www.atalayamining.com
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