Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors
EPIC: BKY
Market: AIM:BKY
ASX:BKY
52-week High/Low: 71.71p / 40.15p
Sector: General Mining - Uranium & Lithium
Market Cap: 118.35M
Berkeley Energia

Berkeley Energia

Berkeley Energia (ASX:BKY, LON:BKY) is listed on the Australian Securities Exchange and London AIM.

Berkeley Energia

berkeleyenergy.com

Interactive graph

col 3
col 4
col 5
col 6

Paul Atherley, managing director of Berkeley Energia Limited (LON:BKY, ASX:BKY) pitches the company to investors. For more information visit: www.berkeleyenergia.com

Big picture - Why invest in Berkeley Energia


Berkeley Energia Snapshot

BERKELEY ENERGIA LIMITED (BKY AIM/ASX) IS A HIGH IMPACT, CLEAN ENERGY COMPANY FOCUSED ON BRINGING ITS WHOLLY OWNED SALAMANCA PROJECT INTO PRODUCTION.

The world class uranium project is being developed in an historic mining area in western Spain, about three hours west of Madrid. Following recent ministerial approval, the Company has now received all the European Union and National level approvals required for the initial development.

The project will generate measurable social and environmental benefits in the form jobs and skills training in a depressed rural community. It will also make a significant contribution to the security of supply of Europe’s zero carbon energy needs, where Euratom recently rated “lack of investment in new mines” as the number one risk facing European utilities.”

THE SALAMANCA PROJECT IS BEING DEVELOPED IN AN HISTORIC URANIUM MINING AREA IN WESTERN SPAIN ABOUT THREE HOURS WEST OF MADRID

Salamanca project map

In July 2016 Berkeley published the results of a Definitive-Feasibility Study confirming that the Salamanca project will be one of the world’s lowest cost producers, capable of generating strong after tax cash flows through the current low point in the uranium  cycle.

The project has a Net Present Value of US$531.9 million  with an internal rate of return of 60% based on a discount rate of 8%.

The Definitive Feasibility Study has reported that over an initial ten year period the project is capable of producing an average of 4.4 million pounds of uranium per year at a cash cost of US$13.30 per pound and a total cash cost of US$15.06 per pound during steady state operations.

With operating costs almost exclusively in Euros and a revenue stream in US dollars the project is expected to continue to benefit from the effects of deflationary pressures within the EU.

 

For more information, please click here

EXECUTIVE MANAGEMENT

 

Paul Atherley
MANAGING DIRECTOR
BSc MAppSc MBA ARSM
Mr Atherley is a Mining Engineer from Imperial College with an MAppSc and MBA. He has held numerous senior executive and board positions during his career. He served as Executive Director of the Investment Bank arm of HSBC Australia and completed numerous acquisitions and financings of resource projects in Australia, Asia, Africa and Europe. As the Managing Director of Leyshon Resources Limited, Mr Atherley was responsible for the exploration, development and successful sale of the Zheng Guang Gold-Zinc Project in China. He was the Chairman of the British Chamber of Commerce in China and Vice Chairman of the China Britain Business Council in London and has wide ranging international media experience.

Francisco Bellón
CHIEF OPERATIONS OFFICER
MSc, MAusIMM
Mr Bellón is a Mining Engineer with over 20 years’ experience in project management and operations including more than a decade in senior management roles with TSX listed Rio Narcea Gold Mines prior to its takeover by Lundin Mining. At Rio Narcea he gained experience in the development, construction, commissioning and operation of new mines in Spain and West Africa including El Valle-Boinás (Au-Cu), Carlés (Au-Cu), Tasiast (Au) and was Operations Manager and General Manager of the Aguablanca Ni-Cu in Spain. He laterjoined Duro Felguera, a large Spanish engineering house, as Manager of the Mining Business, overseeing the peer review, construction and commissioning a numerous large scale mining operations in Africa and South America.

Javier Colilla
CHIEF ADMINISTRATION OFFICER
MBA
Mr Colilla is an Economist and Lawyer and holds an MBA. He has prior experience in auditing and insurance and over 25 years’ experience in the mining sector commencing at Anglo American as General Manager of their Spanish subsidiaries where he dealt with projects in Europe and South America. He held various executive roles with TSX-listed Rio Narcea Gold Mines including VP Business Development, CFO and Senior VP Corporate where he was involved in commercial, legal, joint ventures, permitting, stakeholders and financings for mining operations in Spain and Mauritania including El Valle-Boinás (Au-Cu), Carlés (Au-Cu), Aguablanca (Ni-Cu) and Tasiast (Au).

Paul Thomson
CHIEF FINANCIAL OFFICER

Mr Thomson is a chartered accountant with over two decades of experience in both the finance and the mining industries. Prior to joining Berkeley Energia, he was CFO of Aureus Mining Inc., a gold producer in West Africa, from 2011 to 2016 during which time the company evolved from an explorer, to a developer and then to a gold producer. Before this he worked in Business Development at Kazakhmys Plc and for Ernst & Young in the energy corporate finance team. Mr Thomson is a member of the Institute of Chartered Accountants of Scotland (“ICAS”) and holds a Corporate Finance Advanced Diploma (“ICAEW”).

 

Hugo Schumann
CHIEF COMMERCIAL OFFICER
MBA, CFA, B.Bus.Sci (Hons)
Mr Schumann commenced his career as a management consultant before moving into the natural resources sector, initially as part of an investing team in London focused on early stage mining projects and then working in corporate development functions for a number of listed mining and energy companies. He has a decade of experience in the financing and development of mining and energy projects globally across a range of commodities. He holds an MBA from INSEAD, is a CFA Charterholder and holds a Bachelor of Business Science (Finance CA) from the University of Cape Town.

 

BOARD OF DIRECTORS
 

Ian Middlemas
Non- Executive Chairman
B.com, CA

Mr Middlemas is a Chartered Accountant and has been in commerce for over twenty five years.  He was previously Chairman of Mantra Resources Limited, an African-focussed uranium exploration and development company, and is also a director of a number of other publicly listed companies.  He has considerable corporate, financial and management expertise and is a Member of the Financial Services Institute of Australasia.

 

Robert Behets
Non-Executive Director
B.Sc. (Hons.), FAusIMM, MAIG

Mr Behets is a geologist with over 24 years experience in the mineral exploration and mining industry in Australia and internationally. Most recently he was instrumental in the founding, growth and development of Mantra Resources Limited, an African-focused uranium company, through to its acquisition by ARMZ for approximately A$1 billion in 2011. Prior to Mantra, he held various senior management positions during a long career with WMC Resources Limited.

 

Adam Parker 
NON-EXECUTIVE DIRECTOR
M.A. (HONS), CFA

Mr Adam Parker has been appointed as an independent Non-Executive Director of the Company, effective 14 June 2017.
Mr Parker joins the Company after a long and successful career in institutional fund management in the City of London spanning almost three decades, including being a co-founder of Majedie Asset Management, which today manages assets of approximately £14 billion. He began his career in 1987 at Mercury Asset Management (subsequently acquired by Merrill Lynch and now part of BlackRock) and left in 2002 when he co-founded Majedie and was instrumental in building it into the successful investment boutique that it is today.
Mr Parker holds a M.A. Hons in Chemistry from Oxford University and is an Associate of the CFA Society United Kingdom.

 

Nigel Jones
NON-EXECUTIVE DIRECTOR
M.A. (HONS)

Mr Nigel Jones has been appointed as an independent Non-Executive Director of the Company, effective 7 June 2017.
Mr Jones has thirty years’ experience in the international mining sector. He has considerable corporate development and marketing expertise, including being responsible for the negotiation of key uranium supply agreements for Rio Tinto. Mr Jones spent two decades at Rio Tinto, where ultimately he held the position of Global Head of Business Development and prior to that Managing Director of Rio Tinto Marine, Head of Investor Relations and Marketing Director, Uranium.
Mr Jones was recently appointed as Head of Private Side Capital Markets at ICBC Standard Bank, the global markets subsidiary of ICBC Bank, which is the world’s largest bank by assets.
Mr Jones is an Oxford University graduate and has completed a Corporate Finance Programme at the London Business School.

 

Dylan Browne
Company Secretary
B.Com, CA, AGIA

Mr Browne is a Chartered Accountant and Chartered Secretary who commenced his career at a large international accounting firm and has since worked in the corporate office of a number of listed companies that operate in the resources sector.
Mr Browne was appointed Company Secretary of the Company on 25 October 2015.

 

 

CAPITAL STRUCTURE
(as at 16 December 2016)

Shares on issue 254,289, 976
Unlisted Options 7,700,000
Performance Rights 8, 210, 000

TOP 20 SHAREHOLDERS

To view the Top 20 Share Holders as at 15 May 2017, please click here.

London Office

Unit 1B, Princes House
38 Jermyn Street
London SW1Y 6DN
Phone: +44 203 903 1930
Fax: +44 207 434 4450
[email protected]
 

Salamanca Office

Salamanca
Carretera SA-322, Km 30
37495 Retortillo
Salamanca, Spain

 

Perth Office

Level 9, BGC Centre
28 The Esplanade
Perth WA 6000

JOINT BROKER

Peel Hunt
Moore House
120 London Wall
EC2Y 5ET
Telephone: +44 207 418 8900

 

NOMINATED ADVISER AND JOINT BROKER

WH Ireland
WH Ireland Wealth Management Group Plc
24 Martin Lane
London EC4R 0DR
Telephone: +44 207 220 1666

 

AUDITOR

Ernst & Young
EY Building
11 Mounts Bay Road
6000 Perth
Telephone: +61 8 9429 2222
Fax: +61 8 9429 2436

 

BANKERS SPAIN

Santander
Santander Group City
Av. de Cantabria s/n
28660 Boadilla del Monte
Madrid, Spain
Telephone from Spain: 902 11 22 11
Telephone from abroad: +34 912890000

 

BANKERS AUSTRALIA

Australia and New Zealand Banking Group Ltd
ANZ Branch
Allendale Sq.
77 St Georges Terrace
Perth WA 6000
Australia
Telephone: +61 13 13 14

 

SOLICITORS

DLA Piper Australia
Level 31
Central Park
152-158 St Georges Terrace
Perth
WA 6000
Australia
Telephone: +61 8 6467 6000
Fax: +61 8 6467 6001

 

AUSTRALIA SHARE REGISTRY

Computershare Investor Services Pty Ltd
Level 2, 45 St George’s Terrace
Perth WA 6000
Telephone: +61 8 9323 2000
Fax: +61 8 9323 2033

 

UK SHARE REGISTRY

Computershare Investor Services Plc
PO Box 82
The Pavillions
Bridgwater Road
Bristol BS99 7NH
Telephone: +44 870 889 3105

Berkeley Energia Timeline

Columns Including BKY

VIEW ALL

Market Reports Including BKY

VIEW ALL
Video RSS

Videos

VIEW ALL VIDEOS

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use