Atalaya Mining turns into main participant in southern Spain, worrying environmentalists

The latest negotiation concerned the signing of a purchase order settlement with Sacyr, which incorporates the acquisition of a 51% curiosity in Rio Narcea Nickel, S.L., proprietor 17 investigation permits within the space. 

Atalaya additionally acquired a 100% curiosity in three investigation permits which are positioned alongside the Ossa-Morena Metallogenic Belt as effectively.

Collectively, the group of 20 permits can be generally known as the Ossa Morena venture, as they’re distributed alongside potential zones of the Ossa Morena Metallogenic Belt, and specifically, alongside the southern flank of the foremost Olivenza-Monesterio Antiform.

The venture contains the Alconchel copper-gold-iron venture, which has a NI 43-101 compliant whole indicated plus inferred useful resource of 23 Mt at 0.53% Cu, 0.15 g/t Au and 11.2% Fe.

It additionally contains two advanced-stage Au and Cu-Au exploration tasks, Guijarro and Vicaria respectively, and several other drill-ready coincident geochemical and geophysical anomalies, all positioned alongside the southern flank of the Olivenza-Monesterio Antiform.

In a press launch, Atalaya stated that, with a €2-million funds for 2022, it plans to conduct infill and step-out drilling at Alconchel, and extra exploration drilling on the Pallares, Vicaria and Guijarro tasks. The goal of this work is to broaden the identified assets at Alconchel and advance the Pallares, Vicaria and Guijarro tasks to the useful resource definition stage.

“With this acquisition, Atalaya has secured a outstanding land place in one of the crucial potential and underexplored metallogenic belts in Western Europe. Its location, near the Iberian Pyrite belt the place our Riotinto copper mine and different exploration tasks are presently advancing, will enable us to hold out aggressive exploration programmes in a value and time-efficient method,” the agency’s CEO, Alberto Lavandeira, stated within the media transient. “Precedence can be given to advance the Alconchel copper-gold-iron venture due to its glorious exploration potential which underpins our geologists’ perception that the present identified assets will be elevated considerably.”

Environmentalists fear

However Atalaya’s plans are a reason behind concern for the Alconchel and Comarca de Olivenza with out Mines Platform, an activist group that fears that the presence of the miner within the area could trigger environmental destruction. 

In declarations to native media, the Platform’s director, Ángel Vicente Piris, stated that the group fears that Atalaya will make the identical errors it has made in Riotinto and Asturias, the place the corporate has needed to pay tens of millions in fines for poisonous mine discharges and deserted tailings ponds. 

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Written by colin


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