Berkeley Mineral Resources moves step closer to production at Kabwe mine
Berkeley Mineral Resources (BMR), the AIM-listed tailings processing company, has reported that Ascot, its appointed processing consultant, has received a final batch of representative samples of washplant stockpiles from BMR's Kabwe mine-site in Zambia.
Berkeley Mineral Resources (BMR), the AIM-listed tailings processing company, has reported that Ascot, its appointed processing consultant, has received a final batch of representative samples of washplant stockpiles from BMR's Kabwe mine-site in Zambia.
The Kabwe mine was in operation from 1906 to 1994 and in its 88-years of mining, produced 2.6m tonnes of zinc and lead.
BMR reported that Ascot would test the samples and verify its multi-gravity processing programme's ability to maximise recoveries.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
A pre-feasibility study for the processing of the washplant tailings into a combined zinc and lead concentrate is to be issued by Ascot when the verification process is complete and finalised concentrate levels are established, the company added.
Masoud Alikhani, Chairman of BMR, commented: "We are steadily working towards production and this is the final stage before BMR receives the Pre-Feasibility Study, after which we can finalise the production timetable for the processing of the Kabwe washplant tailings.
He added: "BMR understands that the Zambian authorities are supporting action to mitigate the environmental impact of surficial deposits of base metals in the country and the company is grateful to the Zambian authorities for issuing the necessary approvals so that BMR can commence operations as soon as possible".
BMR's share price was up 4.44% to 2.35p at 10:42 on Thursday.
MF
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
How high earners could boost their pension by thousands and cut childcare costs
Salary sacrifice could boost your pension by thousands, while also helping you save on childcare costs. We delve into the numbers.
-
Monzo launches 11 ETFs via Blackrock to help savers invest
Monzo customers can now invest BlackRock's iShares ETF range via its banking app, making investing more accessible to millions