Berkeley Energia Limited (AU:BKY) has released an update.
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Berkeley Energia Limited, facing a standoff with the Spanish government over investment disputes, is initiating international arbitration to protect its rights at the Salamanca mining project. Despite the legal actions, the company maintains its dedication to the project and remains hopeful for an amicable solution through dialogue. The controversy stems from Spanish legislative amendments and subsequent rejection of Berkeley’s application for project permissions, which the company views as discriminatory and arbitrary.
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