BMR Group PLC Waelz Kiln Slag (WKS) Update (9924K)

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RNS Number : 9924K

BMR Group PLC

28 September 2016

28 September 2016

BMR Group PLC ("BMR" or the "Company")

Waelz Kiln Slag (WKS) Update

Further to BMR's original announcement on 17 May 2016, and most recently on 8 August 2016, the Board has been involved in ongoing discussions with the Zambia Environmental Management Agency ("ZEMA") concerning its environmental project brief ("EPB") application in respect of selling Waelz Kiln Slag ("WKS").

ZEMA has requested that the EPB be upgraded to an environmental impact assessment ("EIA"), which would delay the start of WKS sales. As part of the ongoing discussions, BMR has therefore submitted to ZEMA a letter of appeal.

A further announcement will be released when appropriate.

Alex Borrelli, Chairman, commented:

"We remain confident that we will be able to sell the WKS in the near future and are hopeful our appeal to ZEMA will be successful. Our main focus is on the building of the processing plant which continues apace.

"We are currently in discussions with some excellent candidates for the role of project manager, an important position at the plant and expect to update shareholders shortly."

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

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September 28, 2016 02:00 ET (06:00 GMT)