Business · Markets · 9 hrs ago
Berkeley shares rise after proposing José Bogas for its board
Berkeley, a mining company, saw its shares rise by more than 20% over two trading sessions.
It plans to propose José Bogas, who was Endesa’s chief executive until April, for a board seat at its shareholder meeting on November 18.
The company had announced his appointment in July.
Berkeley wants to develop an open-pit uranium mine in Retortillo, Salamanca, but the project is blocked after Spain rejected it and safety bodies issued negative assessments.
Berkeley says Bogas’s experience and contacts in Spain and Europe will strengthen its position.
The company is also pursuing an arbitration case against Spain, seeking $1.25 billion over the project’s rejection.
The sources do not say what will happen next with the mine or the arbitration.
Berkeley shares rose more than 6% after gaining more than 14% on Friday, following its proposal to appoint José Bogas to its board.
Shareholders are due to vote on Bogas’s appointment on 18 November.
Bogas was Endesa’s chief executive until April and remains on its board.
Berkeley says Bogas’s experience and contacts will strengthen its position and influence in Spain.
The company is seeking to develop an open-pit uranium mine in Retortillo, Salamanca, but the project has been halted after formal opposition and negative reports.
- Who
- Berkeley and José Bogas.
- What
- Berkeley proposed Bogas for its board, and its shares rose more than 20% over two sessions.
- When
- The proposal was announced before the shareholders’ meeting scheduled for 18 November 2026.
- Where
- The proposed board appointment concerns Berkeley; its uranium mine project is in Retortillo, Salamanca, Spain.
- Why
- Berkeley said Bogas’s energy-sector experience and business and government contacts would strengthen its position and influence in Spain.
Berkeley
Spanish authorities
Project approval
Berkeley
Berkeley is pursuing an open-pit uranium mine in Retortillo and alleges Spain blocked the project in violation of the Energy Charter Treaty.
Spanish authorities
Spanish authorities formally opposed the project and denied authorization for it as a radioactive installation.
substantially
Berkeley announced that Bogas would join the company.
Berkeley shares rose more than 14% after the board proposal was announced.
Berkeley shares rose more than 6% after Friday’s gain.
Berkeley shareholders are scheduled to consider Bogas’s appointment to the board.
- Proposed board member
- José Bogas
- Shareholders’ meeting
- 18 November 2026
- Share gain
- More than 14% on Friday and more than 6% afterward
- Annual share rise
- 59.82%
- Mine location
- Retortillo, Salamanca, Spain
- Arbitration claim
- $1.25 billion against Spain before the International Centre for Settlement of Investment Disputes
Sources
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