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."
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
Lucy Williams/ Duncan Vasey/ Heena Karani
This information is provided by RNS