Around 80 people remain trapped, hanging in the chairlift at the ski resort of Astun, in the province of Huesca, according to state TV channel TVE.
"It's like a cable has come off, the chairs have bounced and people have been thrown off," a witness told TVE.
The cause of the cable failure remains unknown. The ski resort's management declined to comment and was not immediately able to say if foreigners were among the injured.
Several helicopters were working in the area to rescue the skiers who were still trapped on the chairlift and transfer the injured to nearby hospitals.
The Astun ski resort, mainly popular among Spanish skiers, is located close to the Spanish border with France, in the Pyrenees mountain range.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for 10th July, covering the latest developments you need to know.
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U.S. President Donald Trump said on Tuesday that Ukrainian forces should not strike Moscow, rejecting reports that he approved long-range missile deliveries.
Canadian Prime Minister Mark Carney says it’s unlikely his government can strike a tariff-free trade deal with the U.S.
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The American leader stated that if an agreement between Russia and Ukraine is not achieved within that timeframe, "it will be very bad."
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