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The mining regions have historically been a monoculture of coal, which, together with other factors such as the existence of a very dispersed population, small and scattered population centers, lack of infrastructure and certain environmental deterioration have made it difficult to articulate the territory and implantation of alternative industries. To face this situation, throughout the different restructuring and modernization plans for coal mining approved in Spain, significant economic amounts have been applied to the development of basic infrastructures, so that it was possible to alleviate the deficiencies presented by these zones.
Considerable progress has been made in providing basic infrastructure, but in some cases the generation of alternative activity has not been necessary. For this reason, with these new measures planned for the 2019-2027 period, it is intended to consolidate a process of just transition, economic reactivation and alternative development of the mining regions that allows completing their structural, industrial, economic transformation and their alternative development.
For this reason, the Institute for Just Transition (ITJ) will allocate 27 million euros to finance business projects and small investment projects that generate employment, which promote the alternative development of mining areas. The call for the aid corresponding to 2021 has been published.
The objective of this line, included in the 2019-2027 framework of action for the promotion of mining areas, is to promote specific business investment initiatives in areas affected by the restructuring of coal mining and its surroundings. With this, it seeks to generate alternative economic activities that entail the creation of jobs and the commitment to maintain the existing ones to encourage, thus, a new economic development in these territories.
It's great to see that they are finally keeping us informed of general progress... every little helps! And the more media attention, the better, assuming they aren't funded by radical environmental activists :))
All very positive signs imo Money....press conference and film crew? A value event perhaps ?
New tweet Toral to be famous ...LOL
Prepping for press conference & film crew visits next week. Site visit on toral status, how a project develops, route forward to align understanding. Below slide shows job/supplier types a Toral mine would need. not just technical but all the key catering, logistic, support etc
I do think the local papers turning their attention to us is hugely significant as it reflects the prospects of Toral becoming a reality. As long as they are operating diligently, attending Town Hall meetings etc their sources of information are generally reliably fed from official sources, they won't pay for long expensive investigations that might not ever make the paper. Different in the States where regional papers have more clout. Looking at the dreadful click bait on these Spanish sites it looks like their local rags are suffering as badly as they are here. What I'm trying to say is that we're coming onto the radar for a reason. While I'm on the subject here's a headline for you "Bobby Beale In Not Expecting A Placing Shock" :)
Bobby I agree but then PR has never been our glorious managements strength. Can anyone offer free PR lessons? ;)
Yes. I agree Sheds...but we could also still be in this batch..
“Within the Recovery Plan, the ITJ will obtain an additional financing of 300 million euros for actions aimed exclusively at the just transition areas for the period 2021-2023.”
300 million is a lot of money....let’s wait and see. I expect big news soon like everyone else here I suspect :-)
Bobby if the company isn't ready to release news all we can do is research ourself. Boots on the ground in Spain seem to be a much better source of informacion and there's nothing to say it isn't trustworthy.
Not all news has to be put in an RNS and if there is nothing material yet it's understandable the company hasn't updated the market. What the local papers do suggest is that a lot of work is underway so I'm sure news will be released in the next couple of months.
Looking at the projects awarded grants in Leon such as "Nueva Julia coal exploitation restoration", I wonder Bricks whether an award to EUZ might be quite specific for instance targeted at the restoration of the old quarries which we know the Mayors want us to infill. Of course it would be great just to get a lump to build the mine but it may turn out that funds are specifically directed just like the first grant. To get zero costs on waste management would be a big boost to the economics though.
Based on this I feel we have an exceptional opportunity here. Local support is positive and using the project as an educational/research hub is a clever strategy to attract support. Honestly I believe we are on the verge of something special here
Once the mineral has been crushed, it will go through the flotation process, whereby «first the lead and then the zinc are separated from the rest of the ground material, concentrating from an initial grade of around 4% to a grade of around 61 % in the case of Zn concentrate and 70% in the case of Pb ». The process ends with the processing of the residue to deposit it dry in a dump on the surface and wet back to the mine.
The product is transported by truck in bulk to a smelter, such as the one in Castrillón (Asturias) , to obtain high-purity zinc, lead and silver after refining.
Currently, the Europa Metals projectIt is in a time of Exceptional Extension for three years to maintain the investigation and it has already been presented to the City Councils of Sobrado, Carucedo, Toral de los Vados, Carracedelo and Borrenes. Until November 15, 2023, Europa Metals will continue designing its mining project in Toral in order to present the application for an Exploitation Concession in the shortest possible time.
The consulting firm Bara Consulting has been developing its conceptual study of the project especially in the areas of metallurgy, resource estimation and geotechnics, something that will be released to give birth to a Pre-Feasibility Study (PFS). Within this study, the company Sondeos y Perforaciones Industriales del Bierzo SA (SPI)has been conducting a new drilling campaign since the beginning of this year.
With the data from this survey, the data will be processed to develop software "that corrects the deviation of the surveys carried out by drilling with core recovery," they explain from the company. At the same time, the company seeks support for its project as a focus of R&D.
In this sense, he assures that professors from the Faculties of Biology or Geology of the University of Salamanca, of Biodiversity at the University of León , as well as of the Miguel Hernández University of Elche , and researchers from departments such as Biodiversity and Environmental Management, through departments such as Ethnobotany, Taxonomic and Plant Conservation at the University of León or Mineralogy, Petrology of the Complutense of Madrid, contribute from the academic field their technical solvency to contribute to the technical, social and environmental standards of the called Project Toral.
An interesting article I found - I give you an English translation below: https://www.lanuevacronica.com/europa-metals-se-prepara-para-producir-zinc-plomo-y-plata-en-toral-desde-2023
Europa Metals prepares to produce zinc, lead and silver in Toral from 2023
The multinational has already invested 5 million in the Berciano project, which is currently under investigation and plans to hire 200 employees
The company Europa Metals Iberia SL, a subsidiary of Europa Metals Ltd, a company registered in Australia, intends to land in Toral de los Vados with a project to produce zinc, lead and silver in El Bierzo, an idea that is in the research phase and that it could go live in three years.
Under the name of Proyecto Toral, the multinational frames its most important business activity in Castilla y León in El Bierzo . Since 2007 it has studied the recovery of an enclave that has taken advantage of previous studies from the 1980s. By relying on a previous mining operation "the visual impact of the project is drastically reduced", explains the company.
After mapping the exploitation and examining the geochemistry of the soils, the works have determined «anomalies in Zn, Pb and Ag whose extension has been verified with surveys. In total, more than 100 mining research wells have been carried out, with depths of up to 1,285 meters ”. These works define a “mineral deposit of about 3 kilometers in length and variable thickness around 3 meters. The recognized depth is about 900 meters although the deposit is open in depth.
15 years of activity and 2oo jobs
The deposit contains around 16 Mt of mineral , according to the first studies and an extraction of 450,000 tons per year of mineral is expected as a base - with the possibility of being expanded. That offers a project life of about 15 productive years but it will take between 2 and 3 years for its construction.
Annual production is estimated at 16,500 tons of zinc, 15,000 tons of lead and 8,000 kilograms of silver . As for the employment that you will need to carry out the project, it will be 200 workers directly.
The investment made by Europa Metalsso far it exceeds 5 million euros. The idea is that half of the waste generated will return to the mine and the surface deposited is expected to be around 2.6 Mm3. The exploitation method takes into account the filling of the interior of the mine with the waste generated.
Access to the mine will be through a ramp and shaft and the method that is being evaluated as the most appropriate is mechanized cut and fill . Once mined, the ore will ramp up to the crusher on the upper levels. For most of the deposit, the mineral will be extracted by means of a well, which will give way to the belt that reaches the processing plant.
I found the list...our project does not seem to be on there. Maybe we are one of the unsigned 5.
Thought this was interesting......
If you look at the second graphic, I didn't know you needed so much zinc to build a wind turbine, second only to copper as the most prolific mineral in their construction. Guess there's a pretty huge chunk of metal to be galvanised!
Let’s hope they clarify at 7am!
Thanks for sharing, Bricks.
Unfortunately the link to view the approved projects has been removed from the article...for obvious reasons I guess ...:-)
More detail.... GLA.
Aid for municipalities for 110 million euros in 2020
Last December the ITJ awarded more than 110 million euros to finance 75% of the investments necessary to carry out 99 projects for the reactivation of these territories. The investments are focused on the restoration of areas degraded by mining activity, energy optimization, the improvement of municipal infrastructures, the modernization of industrial estates and the creation of new social service centers.
The Aragonese municipalities received 12 million euros to finance 75% of the 24 approved projects. The total planned investment amounts to 16.1 million.
The municipalities of the Principality of Asturias obtained 69.8 million euros from ITJ to finance the 60 projects, which will involve a total investment of 93.1 million. Of these, 55 have already been signed, while the remaining five will be signed in the coming weeks.
In Castilla y León, the 10 approved municipal projects received direct aid worth 22.6 million euros. The planned investments amount to 30.2 million, in addition to the investment of 24.3 million allocated in 2019 to the restoration of the Nueva Julia mine.
And finally, the four projects to be carried out in the Puertollano area (Ciudad Real) captured 6.1 million euros in aid that will require a total investment of 8.1 million euros.
The list of projects and their geographical location is available at this link.
New aid foreseen in the Recovery Plan
The Institute for Just Transition has several lines of aid open for municipalities affected by the energy transition, both from its own funds and through the Recovery Funds. The objective is to support the creation of infrastructures and equipment that promote the generation of new economic activity and employment.
Within the Recovery Plan, the ITJ will obtain an additional financing of 300 million euros for actions aimed exclusively at the just transition areas for the period 2021-2023.
The first line of work, endowed with 100 million euros, will allow the implementation of an environmental, digital and social infrastructure plan in municipalities and territories in transition that will cover the specific needs of each area, already identified through the contributions collected in the participatory processes carried out for the elaboration of the Just Transition Agreements.
In this sense, and in an innovative way, the ITJ will finance the necessary technical assistance so that local entities can present projects to the Recovery Plan, since the first difficulty transferred by the municipalities, particularly the smaller ones, in the consultation processes of the Agreements, is the capacity to elaborate projects.