Spain: Uranium Processing Feed Contract for Salamanca Project Awarded to Amec Foster Wheeler
Amec Foster Wheeler has been awarded a Front End Engineering Design (Feed) contract by Berkeley Energia for its uranium processing plant at its Salamanca Project, in western Spain.
London/UK — The scope of work by Amec Foster Wheeler will include engineering and procurement services to determine the capital cost of the front end crushing plant, as well as detailed engineering of the plant in preparation for the construction phase. The contract will be executed by Amec Foster Wheeler’s South African mining company MDM Engineering. The engineering company previously carried out the Definitive Feasibility Study (DFS) phase for the project.
In July 2016 Berkeley published the results of the Definitive-Feasibility Study stating that the project will be one of the world’s lowest cost producers. According to the mining company, the project has a Net Present Value of US$ 531.9 million.
The Definitive Feasibility Study has reported that over an initial ten year period the project is capable of producing an average of 4.4 million pounds of uranium per year at a cash cost of US$ 13.30 per pound and a total cash cost of US$ 15.06 per pound during steady state operations.