BMR Mining to Construct Operational Plant on Own Land at Kabwe
October 16 2015 - 10:00AM
Dow Jones News
LONDON--BMR Mining PLC (BMR.LN) said Friday that it has decided
to construct the operational plant on the Company's own land at
Kabwe, adding that it won't be proceeding with the leasing of land
and equipment from Sable Zinc Kabwe Ltd.
Following a review of operations by the Company at Kabwe, BMR
has now determined that the location of the initial Pilot Plant
should be secured for the medium term and also under the Company's
direct control.
Last month, Glencore PLC (GLEN.LN) agreed to lease land and
equipment in Zambia held by its Sable Zinc Kabwe unit to BMR so the
latter can build a proposed pilot plant adjacent to its tailings
dump.
Whilst the Board is continuing to finalize the specification and
costing of the operational plant, it does not believe that this
decision will have a material adverse impact thereon, BMR said
Friday.
"This decision reflects our focus on constructing a fully
operational pilot plant that is capable of generating revenues for
the Company," Chairman Alex Borrelli said.
--Alex MacDonald contributed to this article
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
October 16, 2015 09:45 ET (13:45 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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