Spain sources/buys nearly 40% of its uranium from Russia (through state-controlled Rosatom) and continues to do so, even though there is no moral social economic environmental or financial case, given that BKY's project is ready to go, and is only being held up because of Miteco's unlawful withholding of permitting.
Russia has started and is pursuing and paying for a bloody illegal war, funded in part by this Spanish money. Sanctions don't include uranium yet.
So yes, the Spanish taxpayer is funding murder, pursuing the coalition's absurd unconscionable ideology and unlawful actions. It needs to stop buying Russian uranium, and permit the mine or pay BKY compensation.
https://euobserver.com/world/156226
Looking back at the 23 Aug 2012 RNS BOR could make a material contribution to fuelling the UK economy
Borders & Southern's prospect inventory contains further relatively low risk structural prospects of a similar size to Darwin along with stratigraphically trapped fans of slightly higher risk but larger scale. Some of these prospects will be targeted in the next drilling phase with the objective of adding to the discovered resources of Darwin and building a core development area.
6 months **** or bust. At least they've got security over the deferred cash payments.
Nice general comment about Falklands oil from Sam Moody today on completion of Navitas' NFB farm in
"The proven oil and gas in the Falklands has the potential to form a material part of wider UK energy supply in a relatively short time frame, bringing with it huge potential security of supply and financial benefits for all stakeholders"
They're doing the right thing re critical raw materials but need to include uranium.
https://ec.europa.eu/commission/presscorner/detail/en/STATEMENT_22_5523
Next step is to establish (via the administrative appeal) that Miteco's refusal to permit, on the back of the CSN 2 report, is unlawful. Opens the door to a claim at the least. Long way to go whatever happens though.
A govt that follows PP's nuclear agenda will help certainly.
"Further in August 2022, PP outlined its political
view that Spain should modify its current climate change law with respect to uranium reserves in Spain to ensure Spain’s energy future is not reliant on Russian sources."
Interesting. More sensible than the coalition's approach.
It would be nice to have an indication from BKY of when the administrative appeal result might be forthcoming. Can't be too much longer?
Inflation headed for 13%+. All the more reason to get our cash into a good project asap. Let's be having you.
The more time that passes with no news, the squeakier shareholders bums are going to get. It would good to hear about a deal/rto soon, well before these 6/12 month deadlines.
Maybe ORM are confident a deal/rto is likely in 6 to 12 months time, and the la zarza disposal has been timed partly so as to avoid listing suspension? We've been told they've been looking at a number of opportunities. Things must just be looking up.
Looks like good disposal terms. Let's see a decent new deal or rto now.
Well worded imo and good focus again on other nations' pro nuke stance. Interesting that the Finnish Greens are now actually pro nuke. Others might follow? And Germany's recent review made it in time for a mention too.
It would be good to know likely timings of the Miteco admin appeal decision. Can't be too much longer hopefully.
There's already a number of reasons for the csn and government to climb down now. Technical financial procedural legal and political obligation and precedent. Miteco could already do the right thing now and avoid accusations of u turns imo.
Doesn't look like a big problem to me.
Like others say, is the affected land significant anyway? Just how important is it to the project? Is there a practical cost effective work around solution? It would be helpful to know what land we're talking about.
SAV were presumably advised by their lawyers at the time of purchase of any shortcomings in the land title, and maybe insured against title being challenged? We assume if the Baldios legal action succeeds, there's redress against the sellers, the Land registry or such insurances.
In the UK land registration system, there's various classes of title, "absolute" being the best, state guaranteed basically. It sounds like the affected land is the Portuguese equivalent of the UK's "qualified" or "possessory" title, and as such challengeable. SAV will doubtless have known all this, and be happy it's not important land, or at least insured it if it is.
Does anyone know how the Portuguese system works?