Berkeley Mineral Resources Share News (BMR)

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Sector movers: Polymetal, BHP and Rio lead miners higher

Tue, 11th Dec 2012 15:34

Mining stocks were making gains on Tuesday with blue-chip players Polymetal, BHP Billiton and Rio Tinto providing a lift to the sector.Precious metals producer Polymetal rose after entering into a definitive agreement with AIM-listed Ovoca Gold to acquire the Russian legal entity Olymp, which holds the mining and exploration license for the Olcha gold-silver deposit.Vitaly Nesis, Chief Executive Officer of Polymetal, said: "Olcha represents a good opportunity to add another high-grade source of feed for the Lunnoye plant. In addition, Olcha is a natural extension of our portfolio of advanced exploration properties in the Magadan Region". BHP was on the up after Nomura named it as its preferred stock in the global metals and mining industry, reiterating its 'buy' recommendation and 2,350p target price for the shares.Rio Tinto said that it has agreed to sell its 57.7% stake in Palabora Mining Company for $373m.FTSE 250 coal miner Bumi was also in demand on speculation that its Chief Executive Nalin Rathod could resign from the board tomorrow amidst an investigation into "potential financial irregularities" at its division, Bumi Resources, in Indonesia. In small cap news, AIM-listed zinc and lead processing firm Berkeley Mineral Resources jumped after saying that its stockpiles at the Kabwe mine, Zambia, can achieve suitable recovery rates to produce concentrates of more than 40%, and up to 48%, which will then be processable into saleable metal.Top performing sectors so far todayIndustrial Metals & Mining 2,622.37 +2.60%Construction & Materials 3,288.14 +1.26%Mining 19,050.77 +1.10%Food & Drug Retailers 4,180.74 +0.93%Electricity 9,062.54 +0.92%Bottom performing sectors so far todayBeverages 13,297.90 -1.10%Aerospace and Defence 3,928.25 -0.97%Personal Goods 20,375.85 -0.94%Chemicals 9,034.23 -0.79%Industrial Transportation 2,418.59 -0.76%BC

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23 Jul 2018 13:09

Galileo Resources To Shortly Commence Drilling At Star Zinc Project

LONDON (Alliance News) - Galileo Resources PLC said Monday that it will "shortly" commence drilling at its Star Zinc Project in Zambia, after receiving positive results from an company a

11 Jun 2018 18:38

BMR Raises GBP416,000 Via Jubilee Metals Share Placing To Creditors (ALLISS)

LONDON (Alliance News) - BMR Group PLC on Monday said it raised GBP416,000 through share placing in Jubilee Metals Group PLC.The mining company holds 63.2 million shares in Jubilee Metals.

29 Mar 2018 13:48

BMR Group Loss Narrows As It Seeks To Reclaim Kabwe Licence

LONDON (Alliance News) - Lead and zinc miner BMR Group PLC on Thursday posted a slightly narrowed loss for its first half as it continues to try to get back the licence for to

20 Jan 2017 08:56

BMR Receives Encouraging Results For Vanadium Potential At Kabwe Mine

29 Dec 2016 09:20

BMR Group Eyes Expansion Opportunities As Loss Narrows In Year

5 Dec 2016 09:31

Metal Tiger Names New CEO And Chairman As Paul Johnson Rejoins Board

28 Nov 2016 12:05

Metal Tiger turns down offer from BMR

(ShareCast News) - Metal Tiger, an AIM listed natural resources focused investing company, announced that it had received an indicative offer from Berkeley Mineral Resources (BMR) Group. BMR, a mining company that processes Lead and Zinc at Kabwe Mine in Zambia, has offered 0.231 of its shares for e

28 Nov 2016 10:35

WINNERS & LOSERS SUMMARY: Fear Of Italian 'No' Vote Weighs On Banks

14 Nov 2016 09:07

BMR invests in metal exploration property in Portugal

(ShareCast News) - Miner BMR Group has acquired 80% of a metals exploration concession over a property in Northern Portugal. The property contains tungsten, tin, gold and silver among other minerals. The option was granted by Mineralia-Minas, Geotecnia E Construcoes, a private Portuguese geological

23 Sep 2016 11:07

BMR Group secures funding for Kabwe development

(ShareCast News) - BMR Group confirmed on Friday that it and its wholly owned subsidiary Enviro Mining Limited have entered into the anticipated project construction and trade finance facility for up to $5.2m, with private South African group African Compass International. The AIM-traded firm said t

8 Aug 2016 09:47

WINNERS & LOSERS SUMMARY: Melrose Gains As Nortek Deal Moves Ahead

8 Aug 2016 09:22

BMR Group signs off-take agreement with African Compass International

(ShareCast News) - BMR Group has signed an off-take and purchase agreement with African Compass International (ACI) to provide funding for the construction of the Kabwe mine in Zambia. The agreement provides for the off-take by ACI over a minimum five-year period, beginning within six months of comm

1 Aug 2016 12:05

BMR set to agree larger facility for Kabwe plant

(ShareCast News) - Zambia-focused mineral processing business BMR Group said it expects to agree a $3.5m loan facility alongside a sale-and-purchase deal with a private South African firm later this week. The facility, which at the end of June was only expected to be $2m, is to enable constructio

30 Jun 2016 10:41

BMR Reports Progress On Kabwe Facility In Zambia Amid Offtake Talks

16 Jun 2016 17:08

Broker tips: Charles Stanley, Playtech, Berkeley Group

(ShareCast News) - Cannacord Genuity lowered its target price on the shares of Charles Stanley and lowered its recommendation from 'buy' to 'hold' after the broker announced it would likely take between 12 to 18 months longer than originally anticipated (by the year to 31 March 2020) to reach its ta

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Sector movers: Polymetal, BHP and Rio lead miners higher

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