Published On: Tue, Jul 13th, 2021
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Spanish Regulator Blocks Planned Uranium Mineon July 13, 2021 at 11:07 am Save 10% on Citrus trees with code CITRUS
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MADRID—Spain’s nuclear regulator on Monday blocked Berkeley Energia’s planned uranium mine in the west of the country on safety concerns, in a move that was welcomed by environmental campaigners and sent the company’s stock plunging. The CSN regulator said it took the decision due to a lack of reliability and a high level of uncertainty over how radioactive waste would be stored at the facility. The London-headquartered company, whose Madrid-listed shares slumped over 12 percent to 0.34 euros, said in a statement it refuted the CSN’s assessment and was disappointed with the decision. “The Company will strongly defend its position and will immediately consider the range of legal options available to it,” it said. The Stop Uranio environmental protection group, which has been campaigning against the mine’s development, welcomed the decision. “After a decade of mobilizing, we start to see the light at the end of the tunnel with a …

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