Atalaya evaluating strategic options

Copper miner Atalaya Mining is undertaking a review to evaluate its strategic options, the dual-listed miner confirmed on Friday, sending its shares in London up 15%.

Atalaya, which owns the Proyecto Riotinto mine and Proyecto Touro development project in Spain, confirmed the strategic review in response to media speculation that the Trafigura-backed copper producer is looking for a buyer.