Source - RNS
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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