Espacio Tormaleo is a singular recovery project for the southwest of Asturias, by developing a unique infrastructure combining leisure, sustainable tourism, culture and entrepreneurship to transform Tormaleo and the surrounding area in a hub for rural economic development, promoting a viable future to a highly degraded territory due to mining activities in the last decades. With over 10M€ of expected investment, the project will develop a 4.5km cable-car to the old tunnel, that will be recovered and transformed into an exhibition space for the preservation of its historical mining memory, natural & cultural heritage. In the area of the old open-pit coal mine, a cultural hub will be also created as a center for social integration and innovation of the territory, while local development will be catalysed through coworking & coliving spaces. The open-pit mining area (200ha.) will receive 50M€ of additional investment through the Spanish Recovery Plan. It is expected that the restoration of the post-mining area and the creation of Espacio Tormaleo will take place in parallel, with an expected opening date in Spring 2025. Over 100.000 annual visitors are estimated once the full infrastructure is fully operative. In the meantime, the company is working in parallel with the local community and Ibias municipality on a number of initiatives in areas like sustainable tourism, social innovation, education & training, clean energy transition, entrepreneurship, cultural heritage, etc. The whole area is of outstanding natural beauty, surrounded by the Fuentes del Narcea, Degaña e Ibias Natural Park, Biosphere reserve and part of the Natura 2000 network.