United Kingdom: UK Government Continues to Demonstrate Strong Support and Financial Commitment.
United Kingdom: UK Government Continues to Demonstrate Strong Support and Financial Commitment to the Development of Clean Hydrogen
The UK Government has reinforced its commitment to achieving the country s sustainability goals in a series of recent policy statements. Clean hydrogen forms a significant part of the Government s ambitious plans. In this post, we help you navigate the recent UK policy developments to the extent they relate to hydrogen, as well as highlight the opportunities such developments present to hydrogen market players.
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The UK Government has reinforced its commitment to achieving the country’s sustainability goals in a series of recent policy statements. Clean hydrogen forms a significant part of the Government’s ambitious plans. In this post, we help you navigate the recent UK policy developments to the extent they relate to hydrogen, as well as highlight
Berkeley Energia Limited s ( Berkeley or the Company ) focus continues to be on progressing the approvals required to commence construction of the Salamanca mine and bring it into production. During the quarter, the Company received formal notification from the Ministry for Ecological Transition and the Demographic Challenge ( MITECO ) that it had been granted the renewal of the Initial Authorisation for the uranium concentrate plant as a radioactive facility at the Salamanca project ( NSC I ) until there is a resolution on the Authorisation for Construction for the uranium concentrate plant as a radioactive facility ( NSC II ). This renewal follows the Nuclear Safety Council ( NSC ) issuing a favourable report for the extension of the validity of NSC I in July 2020.
[1] at 31 December 2020. · Estimated net asset value at 31 December 2020 was £2.44 per share
[2] or US$280.5 million, comprising 9.32 million lbs of physical uranium (U
3O
[3] and other net assets. · Yellow Cake s estimated net asset value as at 22 January 2021 was £2.43 per share
[4].
3O
[5] to US$279.5 million [1] .
3O [1] relative to the aggregate acquisition cost of US$202.3 million. · Total U
8 holdings of 9.32 million lb acquired at an average cost of US$21.71/ lb. · On 3 November 2020, the Company announced the completion of a share buyback programme (the Programme ) which resulted in the acquisition of a total of 4,156,385 of the Company s shares for a total consideration of £8.8 million (US$11.4 million) at a volume weighted average price of £2.13 per share and volume weighted average discount to net asset value of 21%.
11 January 2021
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UK Prime Minister Boris Johnson has appointed Alok Sharma as full-time president of the UN COP26 climate conference, with Kwasi Kwarteng replacing Sharma as secretary of state for Business, Energy and Industrial Strategy. The COP26 president will be based in the Cabinet Office, continuing as a full member of Cabinet, and will chair the Climate Action Implementation Committee to coordinate government action towards net zero by 2050 in the run up to COP26, which will be held in Glasgow this November.
Alok Sharma is leaving his BEIS job to focus on climate role (Image: parliament.uk)
COP26 will be the largest summit the UK has ever hosted, bringing together representatives from nearly 200 countries, including world leaders, experts and campaigners. The
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