Atalaya Mining PLC Receipt of Ruling of EeA Claim (9319B)
26 September 2018 - 4:01PM
UK Regulatory
TIDMATYM
RNS Number : 9319B
Atalaya Mining PLC
26 September 2018
26 September 2018
Atalaya Mining Plc.
("Atalaya" and/or the "Company")
Receipt of ruling of claim made by an environmental group
Atalaya Mining Plc (AIM: ATYM; TSX: AYM) announces that it has
received notice from the Tribunal Superior de Justicia de Andalucía
that it has ruled in favour of certain claims made by environmental
group Ecologistas en Accion ("EeA") against the government of
Andalucía ("Junta de Andalucía" or "JdA") and Atalaya, as
co-defendant in the case.
In July 2014, the EeA filed a legal claim to the JdA with a
request to declare null the Unified Environmental Declaration (in
Spanish, Authorization Ambiental Unificada, or "AAU") granted to
Atalaya Riotinto Minera, S.L.U. (formerly Emed Tartessus, S.L.)
dated 27 March 2014, which was required in order to secure the
required mining permits for Proyecto Riotinto. The judgment, in
spite of annulling the AAU on procedural grounds, makes it very
clear that the AAU is correct and therefore, rejects all the issues
raised by EeA and confirms the decision of the JdA not to suspend
the AAU.
The JdA has already confirmed its intention to launch an appeal
process within 30 days as they see sufficient grounds for the
appeal. The JdA also highlighted the fact that the ruling is
limited to process and not to the merits of the award or the
substantive grounds included in the AAU.
Although the claim was against the JdA, Atalaya, being an
interested party in the process, voluntarily joined as co-defendant
and believes it could be successfully appealed to the Supreme Court
in Spain.
The Company will continue running the mine normally and it is
confident the ruling will not impact its operations at Proyecto
Riotinto. Atalaya is currently considering the implications of the
ruling with its legal advisors, including the possibility of
appealing independently to the Supreme Court as co-defendant or
requesting the JdA to amend the process ruled by the Court.
The Company will update the market further in due course.
About Atalaya Mining Plc
Atalaya is an AIM and TSX-listed mining and development group.
It produces copper concentrates and silver by-product at its wholly
owned Proyecto Riotinto site in southwest Spain, which is also
undergoing a brownfield expansion. 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 which
is currently in the permitting stage. For further information,
visit www.atalayamining.com
This announcement contains information which, prior to its
publication constituted inside information for the purposes of
Article 7 of Regulation (EU) No 596/2014.
Contacts:
Newgate Communications Elisabeth Cowell / Tom +44 20 7680
(Financial PR) Carnegie 6550
+44 20 3170
4C Communications Carina Corbett 7973
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Martin Davison / Henry
Canaccord Genuity (NOMAD Fitzgerald-O'Connor / James +44 20 7523
and Joint Broker) Asensio 8000
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BMO Capital Markets (Joint Jeffrey Couch / Tom Rider +44 20 7236
Broker) / Michael Rechsteiner 1010
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END
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