28 Oct 2015 18:08
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Don't have an account? Click here to register.Berkeley Mineral has funding for Kabwe acquisition
Fri, 26th Nov 2010 08:01
Mining and processing company Berekeley Mineral is on the look-out for more things to buy once it has completed the acquisition of the remaining tailings at Kabwe, Zambia.The company acquired an option to secure the rights to process the remaining stockpiles of lead and zinc at Kabwe Mine, Zambia in June 2010, and is still working on completing the acquisition.Under an agreement for the processing rights to all the tailings dumps at Kabwe, the company has contracted to issue 80m ordinary shares and pay $3m in cash."We are looking to complete the acquisition at Kabwe as soon as practicable especially as the capital costs of our planned processing plant are now funded," said Masoud Alikhani, chairman of Berkeley Mineral Resources.The company, which has yet to generate any revenue other than finance income, lost £0.51m in the year to 30 June, compared with a loss of £0.41m the year before.At the end of the reporting period the company had cash and cash equivalents of £142.2m.
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13 Oct 2015 11:28
London midday: Equities fall as UK slips into deflation
(ShareCast News) - The UK equities market was under the cosh as the nation unexpectedly slipped into deflation in September. The Office for National Statistics revealed the consumer price index fell 0.1% year-on-year last month, compared to analysts' estimates for a flat reading in line with August.
Read more12 Oct 2015 09:41
BMR Mining shares surge on Zambia update
(ShareCast News) - Shares in BMR Mining surged 14% early on Monday after the company said it had submitted its draft environmental and social impact assessment for the Kabwe project to the Zambian Environmental Management Agency (ZEMA). The study, which is aimed at assessing the impact of the compan
Read more12 Oct 2015 08:45
5 Oct 2015 09:02
BMR Mining identifies new use for WKS assets in Zambia
(ShareCast News) - Zambia-focused mineral processing business BMR Mining said it has identified a potential market for its Waelz Kiln Slag (WKS) assets. The assets at Kabwe, Zambia, had been written down by 90% to £201,000 in the accounts for the year ended 30 June 2014 due to the product being brit
Read more22 Sep 2015 08:21
19 Aug 2015 10:26
BMR Mining gets green light for Zambia environmental impact assessment
(ShareCast News) - BMR Mining said Zambia has approved the terms of reference for an environment impact assessment of pilot plans to extract lead and zinc from tailings at its Kabwe mine. BMR said it expects to submit the draft full Environmental Impact Assessment (EIA) next month, with th
Read more25 Jun 2015 11:43
BMR Mining buoyed by metallurgical test results
BMR Mining's shares gained as it revealed that its metallurgical tests used to identify lead and zinc at its Zambian site have been successful. The tests, which use an acid and brine leaching process to recover the metals, came in positive for both the Wash Plant Tailings and Leach Plant Residue Tai
Read more