BMR Mining Share Discussion Threads

[atino] 20/6/2017 09:47

This sounds familiar (....nice to know that this problem isn't only unique to us!). However, I do wonder, "how much" BMR would be losing likewise....

[Quote] "KCM losing $1m to illegal mining", June 20, 2017



OVER US$ 1 million is lost annually at Konkola Copper Mines (KCM) in Chingola through illegal mining activities.

KCM head of security Max Maona said illegal mining is not unique to Zambia but is an occurrence in several mining countries.

“Illegal mining is pure theft of copper ore, and these incidents of theft have been with us for years but we were managing. Now the dynamics have changed, the illegal miners have increased in numbers, and have become violent and are using weapons such as machetes, axes, catapults, among other weapons.

“Actually, these activities were restricted to open pits that weren’t active but the thieves have also started invading the active pits and the plant area to steal whatever they can lay their hands on,” he said in an interview last week.

Mr Maona said the mining area is too vast covering 12,000 hectares of land.

“Initially, we considered fencing the massive land where the pits are located but it is too vast, about 42 kilometers and could have costed US$ 13 million, so a cost-benefit analysis was conducted in relation to the lifespan of some of the pits.

“The proposal was found to be unsustainable, and we have just continued to patrol the pits despite being a large area. Over US$ 1 million worth of materials is lost annually, these include the increase in security expenditure and lost operations whenever production is disrupted the illegal miners,” he said.

Illegal mining activities have scaled down, and the security situation has stabilised after KCM with support from Government, stationed sizeable manpower from Zambia Police within the open pit areas.

And Government through Immigration Department invoked work permits and deported some people, mainly the Chinese, who allegedly provided market to the illegal miner.

hxxps://www.daily-mail.co.zm/kcm-losing-1m-to-illegal-mining/

[99jeremiah] 19/6/2017 12:40

Ruddy hard workers those scavengers. I hope some of them are offered jobs if we ever get this venture off the ground.

[atino] 19/6/2017 12:16

THIS IS OUR MINE 😱 !!!

VIDEO -

[markjwal] 18/6/2017 21:13

Been in the steds QS?

[kryptonsnake] 18/6/2017 19:11

I had a feeling smelly was a big rat. The bigger they are and all that haha 😂

[fireball xl5] 18/6/2017 09:27

Not those bloody drains again QS lol. Krypton, there are breasts and there are jugs. QS requires re-enforced nipple clamps. You may now have some inclination of the beast you elect to banter with. I hope your boots are somewhat larger than those of Cyclops. It's the size of the hands.

[kryptonsnake] 17/6/2017 09:24

No need to meet up smelly. I'll probably find you most days outside 35 Piccadilly scurrying in the gutters. I'll gladly come and step on you. Might even let you feel my breasts LoL!!

[qsmeily456] 17/6/2017 07:53

Stav baby

Cyprus sun has obviously enlightened you my friend. We are close to that point of change and once whichever funding is chosen happens the rest is but 12 months away....including that trip LOLsss

[qsmeily456] 17/6/2017 07:49

When you grow some breasts slither you come and stand up to me at any BMR meeting or anywhere/time of your choice.

As for holding the board to account speak to Alex and ask him.

I'm not the one protecting and praising everything he does. When he's performed well I say. When he's performed bad I tell him. The funding is a shambles.

There are no idol Threats. If I believe I as a shareholder are better served by others then I know what and how to make those changes and I would take the steps.

I'm happy as I said it's others that are complaining and moaning at this time LOLsss

[kryptonsnake] 17/6/2017 06:57

Good post Stav, let's hope AB is outside World Bank offices crying as I type. They need to help us if no one else does.

[stav5001] 16/6/2017 21:40

Krypton

Be careful who you call an idol!

Incorrigible......yes

Idol......

[kryptonsnake] 16/6/2017 17:50

Smelly, I don't see you taking any action against the BOD, you are a shareholder right? So why do you pretend to be something bigger than you are?

You're quick to call people a keyboard warrior when they stand up to you, yet it seems you are the one making idol threats with your keyboard!

[99jeremiah] 16/6/2017 14:28

How can you even contemplate buying with no news of funding and the guvnor gone AWOL? Very cavalier!

[qsmeily456] 16/6/2017 14:15

Not at all just roll over and take another one up the butt LOLsss

I'm happy 4p target almost there LOLsss

[wiggle1] 16/6/2017 13:46

Are you suggesting a coup Smelly one? I assume you have experience/contacts in African mining ???

[fireplace22] 16/6/2017 11:35

We should all take a sabbatical and go out there (as those volunteer chappies do to build schools and the like) but instead speed our plant construction on its way! Only for the common good you know!

[wiggle1] 16/6/2017 10:00

I despair with this mob! 3p,7p,3p,7p,4p,8p,4p,8p....games being played...???

[kryptonsnake] 14/6/2017 16:58

Not sure what a GEM is? Surely you're not calling BMR a GEM? Lolss

[qsmeily456] 14/6/2017 15:50

RNS LOLsss