Atalaya Mining

Last updated

Atalaya Mining
Company type Public
LSE:  ATYM
Industry Mining
Founded2004;21 years ago (2004)
Headquarters Seville, Spain
Key people
Roger Davey (chairman)
Alberto Lavandeira (CEO)
RevenueDecrease2.svg €326.8 million (2024) [1]
Decrease2.svg €28.5 million (2024) [1]
Decrease2.svg €32.6 million (2024) [1]
Website atalayamining.com

Atalaya Mining Copper S.A. , trading as Atalaya Mining, is a mining company focussed on copper deposits in Spain. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Contents

History

The company was founded by Aristidis (Harry) Anagnostaras-Adams and Ron Cunneen in Cyprus in September 2004. [2] It was listed on the Alternative Investment Market as Eastern Mediterranean Resources in May 2005, [3] and then changed its name to EMED Mining in September 2006. [4]

In July 2010, the company applied for a mining permit to develop the Cerro Colorado mining deposit, also known as Minas del Rey Salomón (Mines of King Solmon), in the Riotinto-Nerva mining basin in the province of Huelva, Andalusia. [2] The permit was granted in January 2015. [5] [6] The company started commercial production of copper at the mine in Andalusia in February 2016 and then changed its name from EMED Mining to Atalaya Mining in October 2016. [7] [8]

The company expanded its interests in Andalusia, when it purchased the Masa Valverde polymetallic project in October 2020, [9] and went on to acquire three investigation permits in the Riotinto East area in May 2021. [10]

The company transferred from the Alternative Investment Market to the main market of the London Stock Exchange in April 2024. [11] It re-domiciled its place of business from Cyprus to Spain and also changed its name to Atalaya Mining Copper SA in January 2025. [12]

References

  1. 1 2 3 "Annual Results 2024" (PDF). Atalaya Mining. Retrieved 18 March 2025.
  2. 1 2 "Return to King Solomon's Spanish mine". The Independent. 25 July 2010. Retrieved 3 March 2025.
  3. ↑ "Eastern Med Resources in GBP 2.25 mln AIM IPO". The Financial Mirror. 8 June 2005. Retrieved 3 March 2025.
  4. ↑ "Result of Extraordinary General Meeting". Share Prices.com. 20 September 2006. Retrieved 3 March 2025.
  5. ↑ ondaminera (23 January 2015). "La Junta de Andalucía concede el permiso de explotación a EMED Tartessus para reactivar la mina de Riotinto". Onda Minera RTV Nerva (in Spanish).
  6. ↑ Arenas Posadas, Carlos (2017). "Riotinto, el declive de un mito minero (1954-2003)". Revista de Historia Industrial (in Spanish) (69). Barcelona: Universidad de Barcelona: 137. ISSN   1132-7200.
  7. ↑ "Atalaya revives iconic Rio Tinto mine in Spain". The Northern Miner. 21 November 2016. Retrieved 3 March 2025.
  8. ↑ "Atalaya Mining transforms the original Rio Tinto mine from tarnished site into a polished moneyspinner". City AM. 5 December 2016. Retrieved 3 March 2025.
  9. ↑ "Atalaya acquires Masa Valverde polymetallic project in Spain". The Northern Miner. 21 October 2020. Retrieved 3 March 2025.
  10. ↑ "Atalaya Mining PLC Announces Update on Proyecto Riotinto East & Masa Valverde". Business Insider. 24 May 2021. Retrieved 3 March 2025.
  11. ↑ "Copper bull run saves Atalaya Mining first half". Investors Chronicle. 14 August 2024. Retrieved 3 March 2025.
  12. ↑ "Atalaya Mining completes re-domiciliation to Spain; changes name". Morning Star. 10 January 2025. Retrieved 3 March 2025.
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