BMR Group PLC Submission of Environmental Project Brief to ZEMA (4015Y)
May 17 2016 - 2:00AM
UK Regulatory
TIDMBMR
RNS Number : 4015Y
BMR Group PLC
17 May 2016
BMR Group PLC
("BMR" or the "Company")
Submission of Environmental Project Brief to ZEMA for the
approval of sale of Waelz Kiln Slag ("WKS") as a construction
aggregate
BMR, the Zambian-focused mineral processing business, is pleased
to announce that on 13 May 2016, its Consultant filed with the
Zambia Environmental Management Agency (ZEMA) the definitive
Environmental Project Brief (EPB) in connection with the proposed
sale of WKS, from its Kabwe site, as a construction aggregate,
together with the appropriate filing fee.
Final approval by ZEMA for this EPB will allow BMR to realise
significant value from a resource that had previously been written
down by 90% as well as contributing to the long term objective of
the Company to make a positive contribution to cleaning up the
environment in Kabwe. The EPB has been submitted in the name of
BMR's principal operating Zambian subsidiary, Enviro Processing
Limited.
It should also be noted that EPL owns the surface rights of the
ground on which the WKS is located, and once cleared, will be
available for development, subject to the normal planning
applications, or sale.
Alex Borrelli, Chairman, commented:
"We are pleased to report this further milestone in the
development of BMR under the new management team with the
submission of the Waelz Kiln EPB. The sale of WKS as a construction
aggregate will add a potentially valuable revenue stream for BMR.
We look forward to reporting further progress on this initiative as
soon as appropriate."
Ends
For further information:
BMR Group PLC 020 7734 7282
Alex Borrelli, CEO and Chairman
WH Ireland Limited 020 7220 1666
NOMAD and Joint Broker
Chris Fielding, Head of Corporate Finance
Peterhouse Corporate Finance 020 7469 0930
Joint Broker
Lucy Williams/ Duncan Vasey/ Heena Karani
This information is provided by RNS
The company news service from the London Stock Exchange
END
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