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BMR Bmr Group

1.90
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bmr Group LSE:BMR London Ordinary Share GB00BWV0F181 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.90 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

BMR Group PLC Submission of Environmental Project Brief to ZEMA (4015Y)

17/05/2016 7:00am

UK Regulatory


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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

MSCAKADPFBKDKPD

(END) Dow Jones Newswires

May 17, 2016 02:00 ET (06:00 GMT)

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