Berkeley Energia's Australia shares plunge after regulator blocks uranium mine
13/07/2021 01:25
** Berkeley Energia Ltd's Australia shares BKY.AX slide as
much as 50.8% after a Spanish regulator blocks its planned
uranium mine
** Shares hit their lowest level since June 15, 2020 at
A$0.31
** Environment campaigners welcomed the regulator's move to
block the mine in the west of the country over safety concerns
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** Berkeley's Madrid-listed shares BKY.MC tumbled ~56% on
Monday, while those in London BKY.L plunged ~54%
** The regulator said it took the decision due to lack of
reliability and high level of uncertainty over how radioactive
waste would be stored at the facility
** Berkeley says it is disappointed and will consider legal
options
(Reporting by Nikhil Kurian Nainan)
((NikhilKurian.Nainan@thomsonreuters.com; Twitter:
@NikhilKurianN))