Overview
Berkeley Mineral Resources Plc (“BMR”) is a mineral processing company, with a strategy of processing tailings at former mines. It is currently principally engaged in the extraction of zinc and lead from tailings Dumps at the world-famed Kabwe mine in Zambia.
The Kabwe Zinc and Lead Mine was in operation from 1906 until 1994 and produced some 2.6m tons of zinc and lead in the 88 years of mining. The extensive tailings Dumps which still exist at the mine site are rich in residual base metals.
The Dumps are also part of the pollution problems that have resulted from more than 80 years of mining at Kabwe. In treating and removing the Dumps, BMR will be playing a significant part in improving the environment for the benefit of the people of the greater Kabwe region.
All the relevant Dumps are above-ground and there is good existing infrastructure including roads, railways and power supply.
In addition to its activities at Kabwe, BMR has signed a Memorandum of Understanding with Ng’wena Mining Resources under which it could acquire 76% of the copper tailings from the former Roan Antelope mine at Luanshya, 145 km north of Kabwe. The Roan Antelope deposit was discovered in 1902 by prospector William Collier who shot a buck which fell onto an outcrop of almost pure copper. It has mined copper since 1911 and the extensive tailings are all within 4 km of the original mine.
BMR’s field office on the Kabwe mine site
BMR is listed on the London Stock Exchange Alternative Investment Market (AIM) under the ticker symbol BMR. It was formerly named Tecteon Plc, a company developing and providing voice quality and hearing protection technologies and solutions. On 3 March 2008, the company changed its name to Berkeley Mineral Resources Plc.
The name Berkeley was chosen to reflect the Mayfair location of the company’s London offices. Berkeley Square was named after the noble Berkeley family and was laid out in the mid 18th century by the architect William Kent. The square’s striking plane trees, planted in 1789, are a tribute to good environmental preservation.
