Berkeley Minerals ZEMA news will be well received by the market says WH Ireland WH Ireland Analyst Paul Smith comments on the latest news from Berkeley Minerals PLC (LON:BMR) Berkeley Mineral Resources today announces the approval of the Environmental Impact Assessment for its Kabwe lead-zinc tailings project from the Zambia Environmental Management Agency (ZEMA). This has taken some time, but now leaves the path clear for Berkeley to advance its project through the next stages to construction.
Berkeley now has to finalise the optimal process route for its lead-zinc tailings via final metallurgical studies and has also indicated a plan to study the viability of producing copper cements via a plant in Kabwe using ores sourced through its trading contacts within the copperbelt to the north. The production of copper using this route can be profitable and already takes place in Kabwe at the neighbouring Sable plant owned by Glencore (LSE:GLEN, N/R), which uses traded ores and ores from its own mines in the DRC to produce copper cathodes and cobalt intermediates.
This long awaited approval for Berkeley will be well received by the market and puts the company firmly on a pathway to production following process optimisation, pilot plant testing and funding for a full plant. We maintain our Speculative Buy recommendation.
Morning all, we only went and blinking did it guys. Congratulations to all the regulars....this is just the beginning for BMR. dufc get your butt back here now...you are part of this party period. Will have to cancel my day, so will catch you all in a while. All the best
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