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Berkeley Mineral Resources Hasn't Received Environmental Decision For Kabwe

Fri, 30th May 2014 12:34

LONDON (Alliance News) - Berkeley Mineral Resources PLC Friday said it has not received a decision from the Zambian Environmental Management Agency over the development of its Kabwe lead-zinc recovery project and copper processing plant within the anticipated schedule.

The AIM-listed resource company with operations in Zambia said it expects the decision to be made imminently, and it has been carrying out essential clearance works along with upgrading some operations in readiness for the start of processing at the site.

The company had said in April that its proposals for its Kabwe project and copper processing plant were approved at a public meeting, and that it was expecting the ZEMA decision shortly.

Berkeley Mineral Resources' operates in Zambia though its Enviro Processing Ltd subsidiary.

"While we await the receipt of ZEMA's final decision, I am very pleased with the thoroughness of the preparatory work that has been done at Kabwe," Chairman Masoud Alikhani said in a statement. "Our team is working very hard to ensure that we have everything in place to enable us to begin processing once we have approval."

Berkeley Mineral Resources shares were down 1.1% to 1.34 pence on Friday.

By Tom McIvor; tommcivor@alliancenews.com; @TomMcIvor1

Copyright 2014 Alliance News Limited. All Rights Reserved.

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