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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

Glencore to Lease Land, Equipment to BMR Mining for Pilot Plant

28/09/2015 9:39am

Dow Jones News


BMR Mining (LSE:BMR)
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From Mar 2019 to Mar 2024

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By Alex MacDonald

 

LONDON--Glencore PLC (GLEN.LN) has agreed to lease land and equipment in Zambia held by its Sable Zinc Kabwe Ltd. unit to BMR Mining PLC (BMR.LN) so the latter can build a proposed pilot plant adjacent to its tailings dump.

The lease will last 12 months at a cost of $1,000 per month.

"This is a particularly valuable agreement for BMR as it provides us with access to prime space for our pilot plant and access to good quality equipment which we would otherwise have had to purchase, and most likely transport to Kabwe," said Alex Borrelli, chairman of BMR.

"We are refining the costing of the Pilot Plant, in light of recent changes which have enhanced the quality of the output, and will provide a further update in due course."

BMR is developing a pilot plant for its Kabwe lead and zinc project in Zambia that will be able to process a minimum of five tons of tailings or waste rock an hour.

 

-Write to Alex MacDonald at alex.macdonald@wsj.com

 

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


(END) Dow Jones Newswires

September 28, 2015 04:24 ET (08:24 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.

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