15 April 2014 | 08:31am StockMarketWire.com - Berkeley Mineral Resources says a public meeting has given unanimous backing for the start-up of processing operations in Kabwe, central Zambia.
BMR's operations in Zambia are conducted by its 100% owned Zambian subsidiary Enviro Processing Ltd.
BMR says that as previously announced, the Zambian Environmental Management Agency has been conducting an assessment of EPL's environmental and social impact statement for the proposed Kabwe lead-zinc recovery project and copper processing plant prior to BMR's production plans being approved.
Last week, ZEMA officials carried out an inspection visit to the Kabwe site and on 11 April ZEMA held a public meeting also at Kabwe.
An external facilitator was appointed to manage the public meeting which was attended by over 200 delegates ranging from local and national governmental representatives to local community leaders and job seekers.
The public meeting received presentations from BMR's Africa Manager, Dennis Human, and EPL's environmental consultants, African Mining Consultants Limited and JA Consulting, who dealt with technical and scientific matters arising from the Definitive Feasibility Study on the Kabwe Lead-Zinc Recovery Project, which was announced on 9 September 2013. Matters regarding the proposed Kabwe Copper Processing Plant were also addressed.
Following full and varied discussions in which a number of interested parties were involved, the issue of endorsement of EPL's lead and zinc copper processing plans by the delegates at the meeting was put to the vote and was carried with no votes against. This unanimous conclusion will now be reported to ZEMA who undertook at the meeting to give their decision in writing as soon as possible and definitely before the end of May 2014.
Chairman Masoud Alikhani said: "BMR is not surprised that this final public meeting has so convincingly approved its processing proposals at Kabwe. Since first securing the tailings on the Kabwe mine site, the Company has consistently stated that, in addition to optimising its commercial benefit, it intends to process its tailings and still-to-be-mined underground resource assets at Kabwe with the integral aims of reducing pollution, competently clearing and remediating the site and providing employment for the local community.
I think the remaining 88,513,379 warrants at 1.25p will be exercised once we have official ZEMA approval. Therefore we will more than likely see the warrant's extended again unless as you say they are exercised in the few trading day's after Easter, but I think that's unlikely as we would have had an RNS by now. Don't forget, according to the 14th April RNS, the 24,047,596 new ordinary shares were only admitted today.
"Pursuant to the above exercise, 24,047,596 new ordinary shares of 1 pence each in the Company (the "New Ordinary Shares") have been issued and allotted and application has been made for their issue to trading on AIM. The New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares. It is expected that admission will become effective and that dealings in the New Ordinary Shares will commence at 8.00 a.m. on 17 April 2013"
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