https://newsletter-mw.creamermedia.com
Abenójar Tungsten|Kazatomprom|Spain|LSE|Mining|Tungsten|FTSE 250
||||
abenjar-tungsten|kazatomprom|spain|lse|mining|tungsten|ftse-250

Spain's Abenojar Tungsten makes London market debut in biggest mining IPO since 2018

30th October 2026

By: Reuters

  

Font size: - +

Spanish miner Abenojar Tungsten made its official market debut on the LSE's main market on Friday, marking the largest mining flotation by funds raised in London since 2018.

Unconditional dealings in the shares, trading under the ticker "ABT," began on Friday, following conditional trading that started when the IPO was priced at 110p a share on Tuesday.

The shares opened marginally higher on Friday and were last up 5.9% at 108 pence as of 0827 GMT.

The company raised €170-million ($190.4-million) in the biggest mining IPO since Kazakh uranium producer Kazatomprom's £311-million ($417.11-million) listing of Global Depository Receipts in London in 2018.

With a market capitalisation of £522 million, Abenojar is on the verge of entering the FTSE 250 index, where the number of miners has risen to five.

Abenojar is developing the El Moto project in Abenójar, Spain, one of the largest and highest-grade undeveloped tungsten projects in the world.

BMO Capital Markets and Peel Hunt acted as joint sponsors and joint global coordinators, alongside Deutsche Bank, with Canaccord Genuity as a joint bookrunner.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Mine Safe Global
Mine Safe Global

A Leader in Mining Collision Avoidance Systems

VISIT SHOWROOM 
The Beneficiation Academy
The Beneficiation Academy

The Beneficiation Academy is a certified training institution that follows all compliance legislation and is accredited with various Sector...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 30 October 2026
Magazine round up | 30 October 2026
30th October 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

➕

➕

➕

➕

➕

RESEARCH CHANNEL AFRICA

SUBSCRIBE

➕

➕

➕

➕

➕

➕

➕

➕

➕

➕

CORPORATE PACKAGES

CLICK FOR A QUOTATION

➕

➕







sq:0.039 0.109s - 116pq - 2rq
Subscribe Now