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Berkely Mineral Resources begins copper production programme

Wed, 24th Oct 2012 08:56

Berkely Mineral Resources, an AIM-listed metals processing company, has started a pilot programme to produce copper cathode from tailings stockpiles situated at the former Bwana Mkubwa mine, on the Copperbelt Province in Northern Zambia. Berkely has become interested in a 75% shareholding in Ndola Mineral Resources (NMR), a newly registered Zambian company, which is in the process of taking transfer of a Prospecting Permit/ Small Scale Mining Licence held by Phoenix Materials. Phoenix will hold a 25% free carry shareholding in NMR and Berkely will pay a cash consideration to Phoenix of $0.3m. Phoenix currently has a small scale Prospecting Permit but has applied for a Small Scale Licence which will be assigned to NMR when received.The firm believes that its first cash flow should be generated from this project in the third quarter of next year. Berkely has also concluded a joint venture agreement (JVA) with the Bwana Mkubwa Consortium, whose members are the licencees of five Artisanal licences, all of which are located within the former Bwana Mkubwa Mine Site. Berkely said it is "pleased to have secured the JVA as it will secure the employment of local Zambians who have significant knowledge and experience of the site". It is estimated that the stockpiles contain around four to five million tonnes of mineralised waste, ore and tailings dumps. Analysis indicates that copper grades vary between 0.3% and 1.00%. The firm said it intends to process enough mineralised material from the dumps to provide an output of 150 tonnes of copper metal per month.In order to do this, it is in the process of securing an industrial zone plot, which is expected to cost $0.4m. Masoud Alikhani, Chairman, said: "As at Kabwe, BMR has secured another valuable resource in Ndola which is also above ground. The company is making the transformation from being an acquirer of resources to becoming a producer of metals. Whilst the initial 150 tonnes-a-month programme at Bwana Mkubwa is expected to bring revenues of some $1.2m per month at current LME copper prices, BMR is continuing negotiations to source further substantial copper stockpiles in Northern Zambia." NR
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28 Mar 2014 13:08

Losses at Berkeley Mineral Resources widen as operations ramp up

Berkeley Mineral Resources (BMR), which extracts metals from tailings at former mines, said that losses widened in the first half, causing its share price to sink sharply on Friday. The company said it "made further progress towards its strategic goal of becoming a processor and supplier of key bas

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28 Mar 2014 12:33

Berkeley Mineral Resources Loss Grows As It Develops Zambia Operations

LONDON (Alliance News) - Berkeley Mineral Resources PLC Friday said its pretax loss widened in its first half as expenses increased in order to further develop its operations in Zambia. The AIM-listed resource company with operations in Zambia, which is yet to produce any revenues, said its

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28 Mar 2014 11:33

UK WINNERS & LOSERS: Strategic Natural Rebounds; Life Insurers Fall

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday.

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FTSE 100 - WINNERS

Glencore Xstrata, up 1.9%, Anglo American, up 1.6%, and Rio Tinto, up 1.4

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3 Feb 2014 10:57

Berkeley Mineral Resources Announces Positive Results From Copper Processing Trials

LONDON (Alliance News) - Berkeley Mineral Resources PLC Monday announced the latest results from continuing copper processing trials at Kabwe in Zambia. The AIM-listed resource company with operations in Zambia, said the tests, which commenced in December following the construction of a cop

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11 Nov 2013 11:20

Berkeley Mineral Resources Sees Annual Profit Of USD3 Million From Kabwe Site

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26 Sep 2013 08:09

Berkeley Mineral Resources To Start Copper Tailings Production In Q4

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9 Sep 2013 12:14

Berkeley Mineral Resources Tailings Sites To Be Assessed

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12 Jun 2013 08:34

Berkeley Mineral Resources acquires copper processing plant

Berkeley Mineral Resources,the AIM-listed resource company engaged in the processing of tailings dumps in Zambia, has acquired a copper processing plant, an statement issued by the company has shown. The new plant will be located on the company's site at Kabwe and will process tailings and other ma

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25 Apr 2013 10:27

Berkeley Mineral Resources moves step closer to production at Kabwe mine

Berkeley Mineral Resources (BMR), the AIM-listed tailings processing company, has reported that Ascot, its appointed processing consultant, has received a final batch of representative samples of washplant stockpiles from BMR's Kabwe mine-site in Zambia. The Kabwe mine was in operation from 1906 t

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12 Mar 2013 09:51

Berkeley Mineral Resources begins programme at Kabwe

Berkeley Mineral Resources (BMR) said on Tuesday it kicked off processing of washplant tailings at the former Kabwe mine site in central Zambia. The programme is expected to produce zinc and lead grade of no less than 40% by year end. Last year BMR acquired all the tailings at the former Kabwe min

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4 Feb 2013 08:56

Berkeley Mineral Resources on copper programme in Zambia

Berkeley Mineral Resources announced Monday that it has kicked off operations at its copper processing pilot programme at Ndola, northern Zambia. Production is under way after securing the industrial zone site, according to the group which is engaged in the processing of copper tailings dumps - the

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28 Jan 2013 09:23

Berkeley Mineral Resources: tech team's Zambia findings due in February

AIM-listed metals processing company Berkeley Mineral Resources expects to receive feedback on its lead and zinc benification plant in Zambia as early as February, a trading update published by the company on Monday has disclosed. The company, which appointed Ascot Group to draw up plans for its be

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18 Jan 2013 15:53

Sector movers: Evraz leads industrial metals stocks higher

Strong gains for steel giant EVRAZ helped push the industrial metals and mining sector to the top of the pile on Friday. Shares in EVRAZ were up 4.39% at 304.2p in afternoon trade despite the company reporting that steel production fell 6.0% from the third to the fourth quarter mainly due to the sc

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18 Dec 2012 17:00

Geronimo Inns MD offloads shares in parent group Young's & Co

Rupert Clevely, the Managing Director of Young's & Co Brewery's Geronimo Inns division, sold nearly half a million pounds-worth of shares in the pubs group on Tuesday. Clevely, who co-founded Geronimo Inns, sold 62,688 shares in Young's & Co at 701.3573p a pop, earning himself a total of £439,667.

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13 Dec 2012 16:33

Cairn Chairman reduces stake by more than half

The wife of Cairn Chairman, Sir Bill Gammell, has traded in a large slice of shares, reducing his stake in the oil exploration company to 596,331 shares. Lady Janice Gammell sold the shares at 263.26p earning £1.45m before tax. The Chairman earned a further £260,006 through the sale of another 9

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