Atalaya Mining
Atalaya Mining Copper, S.A. is a European copper producer operating the Riotinto District open pit and underground mines with a centralized 15 Mtpa processing plant in southwest Spain, selling copper concentrate to smelters and commodity traders under LME-linked pricing.
- Company typePublic
- Founded2005
- HeadquartersHuelva, Spain
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What Atalaya Mining does
Atalaya Mining Copper, S.A. is a European copper producer with primary operations in the Riotinto District of southwest Spain, trading on the Main Market of the London Stock Exchange under the ticker ATYM. The asset base centres on the Cerro Colorado open pit mine, the underground San Dionisio and San Antonio mines, and a modern 15 Mtpa processing plant that the company has positioned as a centralised processing hub for ore from regional growth projects. Atalaya produced approximately 51,000 tonnes of copper in 2025 at a cash cost of $2.40 per pound, with 2026 production guided at 50,000–54,000 tonnes.
The company monetises copper concentrate through direct sales to smelters, metal processors, and commodity traders, with pricing linked to London Metal Exchange benchmarks and quality adjustments negotiated on individual contracts. 2025 revenue reached EUR 469.5 million, EBITDA EUR 180 million, and free cash flow exceeded EUR 100 million, against a year-end net cash position of EUR 122 million. The growth pipeline includes Proyecto Touro (a brownfield copper project in northwest Spain under a phased earn-in for up to 80%), the satellite orebodies Proyecto Masa Valverde and Proyecto Riotinto East, and Proyecto Ossa Morena (99.9% exploration permits). The proprietary E-LIX System is engineered to extract value from complex polymetallic ores in the Iberian Pyrite Belt that conventional flotation cannot efficiently process, and a Phase I plant is in place at Riotinto.
Atalaya operates from a Seville registered office following its redomiciliation from Cyprus in January 2025, with operational offices in Huelva/Spain, London and Nicosia. Key shareholders include Urion Holdings (Trafigura) at approximately 10.9% and Ithaki at 8.0%. In January 2026 Atalaya completed a GBP 130 million equity placement led by J.P. Morgan SE, lifting pro forma cash to roughly EUR 300 million earmarked for growth initiatives including Proyecto Touro, and in April 2026 it subscribed for a 7.3% stake in Lara Exploration to secure early optionality on the Carajás copper-gold province in Brazil.
Atalaya Mining firmographics
Firmographics- Name
- Atalaya Mining
- Legal name
- Atalaya Mining Copper, S.A.
- Website
- https://atalayamining.com
- Company type
- Public
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Atalaya Mining Copper, S.A. is a European copper producer operating the Riotinto District open pit and underground mines with a centralized 15 Mtpa processing plant in southwest Spain, selling copper concentrate to smelters and commodity traders under LME-linked pricing.
- Ownership category
- akta.pro rank
Atalaya Mining industry classification
Industry- Product category
- Copper Mining
- NAICS
- Copper, Nickel, Lead, and Zinc Mining (212230)
- SIC
- Metal Mining (1000)
- akta.pro primary industry
- Copper Ore Mining (Open-Pit & Underground) (IMAKADAB)
- akta.pro secondary industries
- Copper Concentration (Crushing, Grinding, Flotation) (IMAKADAC), Copper Concentrate Trading & Marketing (IMAKADAI), Copper Exploration & Resource Development (IMAKADAA), Copper Mine Engineering, EPC & Expansion Projects (IMAKADAM)
Keywords
Where Atalaya Mining is headquartered
LocationHeadquarters
- HQ city
- Huelva
- HQ country
- Spain
- HQ region
- Europe
Offices4 records
Markets served
Atalaya Mining business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- Copper Production and Sales: Atalaya Mining generates revenue primarily from producing and selling copper concentrate from its Spanish operations. The company produces approximately 51,000 tonnes of copper annually from its Riotinto operations in southwest Spain. Revenue is generated through direct sales of copper concentrate to smelters and commodity traders, with pricing tied to London Metal Exchange copper benchmarks.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Atalaya Mining product offering
Product offeringCore offering
Atalaya Mining is a European copper producer that extracts, processes, and sells copper concentrate from its operations in the Riotinto District in southwest Spain. The company's flagship assets include the Cerro Colorado open-pit mine, a modern 15 Mtpa processing plant, and the underground San Dionisio and San Antonio mines, with growth-stage projects including Proyecto Masa Valverde, Proyecto Riotinto East, and Proyecto Touro. Copper concentrate is sold directly to smelters, metal processors, and commodity traders at prices tied to London Metal Exchange benchmarks.
Product overview
Atalaya Mining is a European copper producer operating primarily in Spain's Riotinto District. The company's core operations center on the Cerro Colorado open pit mine and a modern 15 Mtpa processing plant, which serves as a centralized hub for ore from multiple regional growth projects. The portfolio includes underground operations (San Dionisio, San Antonio) and development-stage projects (Proyecto Masa Valverde, Proyecto Riotinto East). The company differentiates through the proprietary E-LIX System for processing complex ores from the Iberian Pyrite Belt. Growth projects include the Proyecto Touro (brownfield copper in northwest Spain, up to 80% owned) and Proyecto Ossa Morena (exploration permits, 99.9% owned). Atalaya produces copper as its primary product, with operations designed to process ore from multiple sources through shared infrastructure.
Differentiator
Problem solved
Functional benefit
Products and services
- Cerro Colorado Open-pit copper mine located in the Riotinto District in southwest Spain, serving as one of Atalaya Mining's primary operational assets and the main source of copper concentrate production.
- Riotinto 15 Mtpa Plant Modern 15 million tonnes per annum processing plant with capacity to become a centralised processing hub for ore sourced from Atalaya's portfolio of growth projects in the Riotinto region.
- E-LIX System Proprietary processing system designed to unlock value from complete ores in the Iberian Pyrite Belt, enabling extraction of copper and other metals from complex ore types that conventional methods may not efficiently process.
- San Dionisio Underground mining operation within the Riotinto District, granted Environmental Authorisation in May 2025.
- San Antonio Mining operation within the Riotinto District, contributing to Atalaya's copper ore production portfolio.
- Proyecto Masa Valverde Growth project in the Riotinto region with potential to supply ore to the centralized processing hub at the 15 Mtpa plant.
- Proyecto Riotinto East Growth project in the Riotinto region with potential to supply ore to the centralized processing hub at the 15 Mtpa plant.
- Proyecto Touro Brownfield copper project in northwest Spain with a phased earn-in agreement for up to 80% ownership, aimed at reopening a copper mine; awarded Strategic Industrial Project Status by the Spanish Government in June 2024.
- Proyecto Ossa Morena Package of exploration permits in southwest Spain in which Atalaya holds a 99.9% interest, supporting the company's long-term resource base.
Quantifiable outcome
- 51,000 tonnes of copper produced in 2025, exceeding guidance
- +3 more outcomes
Companies that use Atalaya Mining
Customer profileSegments1 record
Ideal customer profiles1 record
Atalaya Mining technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Atalaya Mining partnerships and signals
Strategic signalScale indicators13 records
Recent moves8 records
Expansion highlights6 records
Atalaya Mining competitors and assessment
Company assessmentBroad incumbents
- Glencore plc: Diversified major with significant copper mining and trading operations. Comparable on copper-concentrate production and commodity-trading distribution channels; competes more broadly across base metals rather than specializing in copper like Atalaya.
- Freeport-McMoRan Inc. Large-cap global copper producer operating major mines and processing assets. Competes with Atalaya in the same copper-concentrate market and benchmarks on the LME, but operates at substantially greater scale and with geographic diversification.
- Aurubis AG: European copper recycler and smelter/refiner that buys copper concentrates (including from mining producers) and produces refined copper products. Comparable as a downstream counterpart in the European copper value chain and competitor for offtake economics.
Direct peers
- First Quantum Minerals Ltd. Mid/large-cap copper producer with operating mines, development projects, and copper-concentrate offtake. Directly comparable on commodity, concentrate-based revenue model, project pipeline-driven growth narrative, and LSE/TSX-listed status.
- Antofagasta plc: London-listed pure-play copper miner with a portfolio of producing mines and growth projects. Most directly comparable to Atalaya in business model, commodity focus (copper concentrate), LSE listing, and growth-via-brownfield-expansion strategy.
- Boliden AB: Swedish miner and smelter producing copper, zinc, and other base metals from Nordic and Iberian operations. Comparable to Atalaya in European primary copper production, polymetallic ore exposure (e.g., Iberian Pyrite Belt assets), and integrated mining/smelting model.
- KGHM Polska Miedź S.A. Polish integrated copper producer and one of Europe's largest copper miners. Closest geographic and operational analogue to Atalaya, sharing a European production base, copper-concentrate output, and exposure to EU regulatory frameworks.
- Lundin Mining Corporation: Canadian diversified base-metals miner with copper as a primary commodity and operations across Europe (Portugal) and the Americas. Comparable to Atalaya on copper-concentrate production, Iberian-region exposure, and growth-project pipeline.
- Hudbay Minerals Inc. Canadian copper-focused miner producing copper concentrate and zinc byproduct from mines in the Americas. Similar mid-cap pure-play copper business model with project-pipeline growth strategy analogous to Atalaya's Riotinto hub + satellites approach.
- Capstone Copper Corp. Canadian pure-play copper miner producing copper concentrate from mines in the Americas. Comparable to Atalaya in scale, single-commodity focus, growth-via-project-pipeline approach, and reliance on copper price for cash flow generation.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Atalaya Mining social profiles
Digital presenceAtalaya Mining compliance and trust
Trust signalCompliance5 records
Atalaya Mining financial estimates
Financial estimateRevenue estimate
Valuation estimate
Atalaya Mining leadership team
Management profileNumber of profiles
Profiles7 records
Atalaya Mining subsidiaries and ownership
Company hierarchySubsidiaries2 records
Atalaya Mining funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Atalaya Mining M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Atalaya Mining
What does Atalaya Mining do?
Atalaya Mining is a European copper producer that extracts, processes, and sells copper concentrate from its operations in the Riotinto District in southwest Spain. The company's flagship assets include the Cerro Colorado open-pit mine, a modern 15 Mtpa processing plant, and the underground San Dionisio and San Antonio mines, with growth-stage projects including Proyecto Masa Valverde, Proyecto Riotinto East, and Proyecto Touro. Copper concentrate is sold directly to smelters, metal processors, and commodity traders at prices tied to London Metal Exchange benchmarks.
Is Atalaya Mining a public or private company?
Atalaya Mining is a public company. It is classified as public and is currently operating.
When was Atalaya Mining founded?
Atalaya Mining was founded in 2005. It employs 101 to 250 people.
Where is Atalaya Mining based?
Atalaya Mining is headquartered in Huelva, Spain, in the Europe region.
How does Atalaya Mining make money?
One revenue line is on record: copper Production and Sales.
Who are Atalaya Mining's main competitors?
Broad incumbents on record are Glencore plc, Freeport-McMoRan Inc. and Aurubis AG. Direct peers are First Quantum Minerals Ltd., Antofagasta plc, Boliden AB, KGHM Polska Miedź S.A., Lundin Mining Corporation, Hudbay Minerals Inc. and Capstone Copper Corp..
Does Atalaya Mining have an API?
No public API is recorded for Atalaya Mining.
What industry is Atalaya Mining in?
Atalaya Mining's product category is Copper Mining. Its primary akta.pro industry code is IMAKADAB, Copper Ore Mining (Open-Pit & Underground), with a secondary code of IMAKADAC, Copper Concentration (Crushing, Grinding, Flotation). Its NAICS code is 212230 and its SIC code is 1000.