Atalaya Mining Share Discussion Threads

[thebrewster] 30/1/2020 16:30

Noticed that there are some holdings updates on morningstar.com. Majedie appear to have sold just over 1.9m shares since the last update I saw at the end of December.

That leaves them holding c.2.3m, down from 9m a year ago. Muza, a Spanish fund manager, have appeared on the scene and now hold just over a million shares.

[lanty33] 30/1/2020 11:25

Thank you Waterloo.. ATB l33

[scargs] 30/1/2020 10:33

2,494 shares BOUGHT @ £2.00 a share.

[mronions] 30/1/2020 09:18

you have to pay 200p to get stock today
I guess am pleased with 194p purchase yesterday 10k

Touro is a free(ish) option

There will be other potential deals

1st AAU
2 Astor exit
3 goodbye AIM
4 dvd ! Then we will look like KAZ

[robmcelf2] 29/1/2020 19:30

Interesting article from proactive investors https://www.proactiveinvestors.co.uk/companies/news/911749/today-s-market-view---adriatic-metals-anglo-american-atalaya-mining-and-more-911749.htmlBelow is the conclusion they drew (basically that they still think ATYM will get permitted for Touro eventually)Conclusion: There is a long-standing and well established mineral permitting process in Spain which includes appeals processes. We are sure that Atalaya Mining will exhaust all the available avenues and deploy its considerable expertise to secure the permitting of the Touro project. Atalaya is a leader in the renaissance of Spain's mining industry and was able to deliver the successful redevelopment and subsequent expansion of the Proyecto Rio Tinto operation in southern Spain after prolonged permitting and other delays experienced by an earlier management team.

[leopoldalcox] 29/1/2020 19:16

Sorry for the typos!

[leopoldalcox] 29/1/2020 19:15

I'm surprised at the drop today as I didn't expect much of the share price was credited to Touro.I'm back down to my Sept '17 buy price, so whilst this hasn't been a disaster for me, the global markets have look like an opportunity loss.My original reason for investing, which didn't attribute any value to Touro at the time, is unchanged:Production highly leveraged to the copper price in a worst of forecasted higher copper prices.I'm looking forward to a few years of higher production.Although Touro represented a growth opportunity I was never really comfortable with the risk. I'm happy for the current mine to increase volumes and lower costs. Hopefully local exploration can extend mine life as things proceed

[husbod] 29/1/2020 18:39

Thanks waterloo.Would be nice if they were the authority for the Touro area.Not sure I entirely agree that there is no value for Touro in the share price Apart from the fact that today's share price fall rather contradicts that hypothesis there is the old Hope value element in this company. I'm not sure how much of my original 81k holding I would have bought if it hadn't been for the potential expansion of the company but it would have certainly been a lot less.

[waterloo01] 29/1/2020 18:28

Chaps. If you use crome, in the address line (where the URL is) on the far right is symbol. When you hover your mouse over it it says 'translate this page'

The Board issues favorable environmental report for the Riotinto Mine
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The Andalusian Public Administration yesterday notified Atalaya Riotinto Minera, the operating company of the Riotinto copper mine, the Environmental Opinion that the Unified Environmental Authorization (AAU) of the Huelva exploitation is favorable . This Opinion is issued in execution of the Judgment of the Superior Court of Justice of Andalusia of September 19, 2018, which declared the environmental permit issued in 2014 for the mining actions of the Project void due to a defect in its processing .

According to the roadmap communicated to Atalaya, it is expected that, in the next few days and once the process of a legally planned hearing is completed, the Administration will issue a new resolution validating the Favorable AAU annulled by the High Court. It will then correspond to the Mining Authority to validate the Resolution of restarting the works at the Riotinto Mine, of January 23, 2015. This exploitation permit was also annulled by the Andalusian Superior Court of Justice in its Judgment of April 24, 2019, as a result of the 2018 Judgment, considering that the mining project lacked the previous environmental permit.



Once this last administrative action is carried out by the General Directorate of Industry, Energy and Mines of the Ministry of Finance, Industry and Energy, the Riotinto mine will have re-established the validity and effectiveness of all its administrative permits.

It should be noted that the newly issued Environmental Opinion , as expected, reproduces the environmental technical conditions imposed on the activity as early as 2014 : all documentation submitted by Atalaya had been subject to a thorough analysis by the various environmental administrative bodies , and the results were already part of the environmental requirements set forth in the Environmental Impact Assessment of the mine.

In addition, in view of the mine closure requirement expressed by environmental groups, the new opinion specifies that in order for a stoppage of the activity in the mining complex to be ordered , certain requirements that would not concur in the case must be met.

For all these reasons, Atalaya and its shareholders congratulate each other because, once the process is finished, the company can already have the necessary administrative legal security to maintain the investment in the historic mining site of Riotinto . This, in order to deepen the strategy of responsible growth undertaken with a view to offering a more robust long-term project for the benefit of all stakeholders; and generate more employment, economic growth and added value for their environment.

[lanty33] 29/1/2020 18:22

Someone tell me how? Thank You! l33

[lanty33] 29/1/2020 18:21

Unable to translate.

l33

[laurence llewelyn binliner] 29/1/2020 18:00

The volume suggests holders are treating todays RNS as more of a side issue than a problem, and on the positive side it looks like our restored AAU is 1 step closer.. :o)





The Andalusian Public Administration yesterday notified Atalaya Riotinto Minera, the operating company of the Riotinto copper mine, the Environmental Opinion that the Unified Environmental Authorization (AAU) of the Huelva exploitation is favorable . This Opinion is issued in execution of the Judgment of the Superior Court of Justice of Andalusia of September 19, 2018, which declared the environmental permit issued in 2014 for the mining actions of the Project void due to a defect in its processing.

According to the roadmap communicated to Atalaya, it is expected that, in the next few days and once the process of a legally planned hearing is completed, the Administration will issue a new resolution validating the Favorable AAU annulled by the High Court

[rougepierre] 29/1/2020 17:10

Worry not...Touro was in for free...coper tanking doesn't help...I switched from FRESyesterday into KAZ...reversed the switch today...silver massively oversold...Alberto will find a way...nil desperandum...greetings from the Maldives...GLA

[husbod] 29/1/2020 11:06

Sorry Mr O but no dividends unless they have nothing else in which to invest and a small one mine company ain't going onto the main market with all its additional costs and red tape.Might be worth putting a bit of money into FRES at current levels.

[mronions] 29/1/2020 10:52

One thing is for sure, no investment in Galicia from Atalaya.
Same for Rio region , no more major investments until AAU .
We will not be spending money in the areas ... no free gravy.

[mronions] 29/1/2020 10:48

Managed to buy 10 000 units at 193.4 average price , not great , had to pay 1.95 for majority

So we spent 7.5m euros ... on the paper work , someone has made some money
- however the project does not cost us any real money until we get permits
- we have an option on the mine
- the real focus is ATALAYA / RIO

There will be adjacent projects
Other potential investments

If management sort AAU, complete ASTOR, pay dividend, get off AIM, stock will jump and we can buy something abroad.

[keisersoze] 29/1/2020 10:45

The irony that copper is a required component of the Green Revolution should not be lost here.

[husbod] 29/1/2020 10:37

That RNS was a model of restraint. I reckon they must be absolutely furious at what must be a deliberate wrecking tactic by environmentalists who sadly don't recognise the difference between a coal mine and a copper mine. It's a mine ergo it must be bad.So what's going to help build all these EVs that are hitting the market - thin air?I'm absolutely in favour of doing everything possible to help the environment but throne of these people can't see the wood for the trees.

[laurence llewelyn binliner] 29/1/2020 08:42

Disappointing to see the share marked down 20p from the bell as Touro has never added anything to it unpermitted, .. but the MMs never miss an opportunity do they..!

I was always more in favour of dealing with current liabilities (Astor) first, then look into funding a second project.., but I'm sure there will be appeals to come for Touro, and we can revisit whatever objections the environmentalists have with pollution, the reality is if they have concerns over historic works and pollutants the best way to clean it up is to build new secure plant and facilities..

[waterloo01] 29/1/2020 08:19

As soon as they get the Rio permits sorted, I wonder if there will be an offer? However without the permit (which could be some months) it's a tough investment.

Was my largest holding at one point in 2019, but I sold down during the year and almost out as of last week.

Real shame about Touro as it looked like an excellent resource.

[husbod] 29/1/2020 08:19

Certainly a blow to our expansion hopes and one concern is whether Alberto will be content running a one mine company if that's what it comes down to.They will doubtless be looking elsewhere if Touro is definitely dead but we'll have to see what they come up with.I must admit I always assumed Touro would go ahead as Spain is not exactly top of the employment league.

[plasybryn] 29/1/2020 08:03

My deepest regards for Alberto & team. So sorry to read this news this morning. Everyone must be devastated. Why let them work for two hard, costly years before saying the computer says no. The environment is now king! All mining companies including oil & gas need to be aware.Some I see sold yesterday- just luck ma'lord!