(BMR) Berkeley Mineral Res

http://www.flexicadastre.com/zambia/

Shows the Sensele and repehdim areas in chingola etc...

Well worth looking at.

:-)

This was posted By LJC

But I am interested in the possibilities that a Government incentivised INDUSTRIAL COPPER PARK at KABWE, could open up, if the big players get on board, and the implications for BMR. This article is worth reading twice! Is it just speculation?

There is a lot in it, and why the mention of Iron ore? Low value, high volume Iron ore is not worth anything in a landlocked country but if it could be processed in situ, then things could change.

ZALCO Limited, a local manufacturing company based in Kabwe, has commenced the extraction, processing and production of copper into cathodes, rods and copper electric cables under the Industrial Copper Park.

And Government is currently carrying out a detailed analysis on the cost benefits of granting tax incentives to the manufacturing firms involved in value addition.

The copper rod manufacturing company has capacity to process up to 2,000 tonnes of copper concentrates per month and has so far invested more than US$65 million. It is expected to create an additional 650 jobs.

Commerce, Trade and Industry Permanent Secretary Stephen Mwansa said in Lusaka yesterday that Zalco Limited had already started the extraction, processing and production of copper for the purpose of value addition under the Industrial Copper Park.

Mr Mwansa said the company would spearhead the process in the Industrial Copper Park and the Government through the Ministry of Finance was still considering the appropriate tax incentives to be granted to the firm.

"We have moved on, Zalco is already on the ground and kick-started the copper park and they are doing very well in value addition to copper and what we would like is a lot more entities to come through and set base in the Industrial Copper Park," he said.

Mr Mwansa said some of the big copper mining companies have expressed interest to spearhead the process in the Industrial Copper Park.

To this effect, Mr Mwansa said JICA had developed an engineering product policy for Zambia which would be centred on copper and iron ore value addition.

He said it would be the driving vehicle when coming up with the plan of action.

He said the ministry was actively involved in ensuring that the necessary investment framework was put in place.

Mr Mwansa said the proposal by Zalco on tax rebate had been submitted to the Ministry of Finance for consideration.

He praised Zalco for the effort, saying the Government greatly appreciated the work the firm had done to inspire other companies to take life to Kabwe.

Posted by Fireball Advfn

Mine ‘heavyweights’ date Zambia

hxxp://www.daily-mail.co.zm/mine-heavyweights-date-zambia/
June 17, 2013
By KALONDE NYATI
ZAMBIA, Africa’s number one copper producer, will this week host a major mining and energy conference which has attracted more than 300 delegates from more than 30 countries in the world.
Chief among the reasons Zambia has been identified as the preferred host is that the country has an economic and political environment which is favourable for investment, apart from being a resource-rich country.
This is according to the influential London-based international business event organisers AMETrade who spoke in an interview in Lusaka over the weekend, ahead of the event that has cast the international spotlight on Zambia yet again.
AMETrade managing director Mahad Ahmed said Zambia has recently continued to attract investors, with more targeting the country due to its prudent management of the economy and peaceful transition in presidential elections.
“The successful issuance of the US$750 Eurobond has also attracted investors who would like to invest in infrastructure development,” Mr Ahmed said.
This is the third time the international event—which attracts mining heavy weights such as Rio Tinto, First Quantum Minerals and Blackthorn, to mention but a few—organised by AMETrade is coming to Zambia, a clear sign that Zambia is a winner, according to the event organisers.
Other organisers are the Zambia International Mining and Energy Conference (ZIMEC) and the Association of Zambian Mineral Exploration Companies (AZMEC).
Mr Ahmed said the event’s main thrust is to create a platform for Government and business to engage in the development of the mining and energy industry.
Despite criticism from some civil society groups and opposition leadership, Zambia’s ratings abroad have continued to rise based on scientific ratings.
Zambia has been nominated as one of the top contenders for a coveted finance award for the best 2012 Eurobond by the Europe, Middle East and Africa (EMEA) finance magazine, an international magazine which specialises in monitoring emerging markets.
Recently, Goldman Sachs, a full service global investment banking and securities firm, ranked Zambia as the most promising country in Africa out of a survey of 14 African countries whose economies must grow quickly.
Standard & Poor’s rating services also reaffirmed Zambia’s B+/B long and short-term foreign and local currency sovereign credit rating, in recognition of its prudent economic management.
The influential Global Peace Index which ranks countries around the world on a scientific scale has also ranked Zambia number four in Africa for being the most peaceful country with Botswana topping the list—while globally out of all the countries, Zambia sits comfortably at number 48.
Mr Ahmed said this ahead of the 3rd Zambia International Mining and Energy Conference (ZIMEC) slated for June 19 to 20 at Lusaka’s Government Complex, under the theme “developing Zambia’s mining and energy sector towards 2020.”
The event will be graced by Vice President Guy Scott.
He said the conference which has attracted 360 delegates from 30 countries and mining giants such as Australian-British-owned Rio Tinto, is expected to stimulate the economy, particularly in the hospitality industry.
“With over 300 delegates expected to attend the conference, it is anticipated that the hospitality industry will boom during this period. The delegates will require hotel accommodation, food and transport and this will boost the hospitality and transport industries,” he said.
Mr Ahmed said the event is an opportunity for local enterprises to develop business linkages with international investors for the growth of local businesses and the economy as a whole.
Zambia is expected to be in the group of the top five mining countries such as Australia, Canada, Brazil and Venezuela by 2015, as mining investment is forecasted to hit a US$5 bi

Nice find ljc ........ noted with interest "As of today the Company has procured two blast furnaces". Correct me if I'm wrong but wasn't that the number of furnaces required by BMR to process material ?

If it was is this merely a coincidence ?

The area is hotting up and presumably they are starting the think metal prices are coming good as well. These guys are looking for concentrate from "Central and North-Western provinces of Zambia and in DRC." ... but our small plant could easily supply as well. Clearly we are the only company that is sourcing the metal locally (from somewhere) right under these guys noses!

Did you see that the Sable Zinc tailings ponds has 14% cu at the surface.and reasonable numbers below. Nice for a resource that does not need mining, Glencore have inherited this but don't seem to have been given any enviromental waivers.... I can't make out exactly if SML1 covers this area as well.

http://www.marketwire.com/press-release/earthstone-metals-group-lusaka-copper-smelters-1259427.htm

One of the oldest in the world Kabwe zinc and lead mine is currently experiencing procedures of its re-opening. Eathstone's Lusaka Copper Smelters Plant is located in the mining territory of the Kabwe zinc and lead plant, and currently extensive groundwork activities are on the way. The Company's analytics department carefully evaluated economic and industry situation in Zambia, and it was determined that in current situation it is feasible to open a small-scale smelter facility that may successfully process the copper ore – the one that is not economically cost-effective for large scale facilities that exist in the area.

Could this be linked with the last RNS??

Demand fo metals likely to continue.............

India looks set to overtake China as the world's most populous country from 2028, according to the United Nations.

At that point, both nations will number 1.45 billion people each. Subsequently India's population will continue to grow until the middle of the century, while China's slowly declines.

The UN also estimates that the current global population of 7.2 billion will reach 9.6 billion by 2050.

That is a faster rate of growth than previously estimated.
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Much discussion and frustration about lack of information but you could look at it another way. Zambia is a hotbed of mining and they know their onions. I am sure MA could not be initiating these deals without available finance and concrete plans for production......otherwise these mining operators would not be in discussions with him. After uniting Kabwe MA must be quite famous and respected in Zambia. I wonder if he is looking for these deals or are they coming to him......the man who can get things done?
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Some time ago MA said, maybe flippantly, that the shareprice could reach £1. He also said at one point in more considered tones that he would maybe entertain a takeover at 20p per share. We have made great strides since then, have more projects on the go and could even have 4 in production this year. Begs the question what would MA consider a fair price now?" Robust economics" suggests profits will be more than acceptable!
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A few suprises coming out of the hat. MA by now has made many contacts and his network contines to grow....maybe along with his standing in Zambia. I am sure some of the "secrecy" is to cover his trail.......future demand from India and China means competition must be fierce.
MA's apprently doing well in his own Niche market!
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I still consder this to be MAs pension fund and anticipate the company being sold off once all the pieces are in place and we are producing profit.....at a price of not less than 30p imho

From reading the RNS you could argue that it may actually be a 'New' Copper Processing Plant - Razor is on to something with his statement regards 'sourcing at cost'. Sounds very plausible to me.

Ascot will be with BMR at every step and we may actually be getting development updates so we can actually be more in touch with what's happening at Kabwe.

Never bought into the idea, as some suggested, that Kabwe was set to go. So even though I won't claim to be totally in sync with MA and how he does things I do think he will start to come good on all fronts 'soon' (FFS!)

4 sites does sound far fetched, however, we don't have all the info in front of us. Got to be so much information to fed to market in the next 6 months.

WI

> processing plant not on site (by what I can tell needs to be dismantled, moved, reassembled - what if parts are damaged or unsatisfactory upon delivery?),

Could you clarify were it states this is 2nd hand plant has to be dismantled/moved and reassembled

The RNS states

has acquired a copper processing plant. The new plant will be located on the Company's site at Kabwe

Because it has been acquired at a discount it doesn't automatically follow its 2nd hand.
........................................................
human resources to operate the plant haven't been sourced. Where will BMR get high quality labour from that understands how to run the site?

Ascot are on site and will be over the coming weeks etc overseeing set up/training etc at a guess ..........maybe this plant is sourced at cost from ascot ( just chucking that out to ponder ...there website has been updated and appears to align its self beautifully with BMR )
......................................................

what is security like at the site? Shanta Gold (SHG) employed a full security force, and erected high fences around the perimeter to stop locals taking what they so wish,

Security I would imagine to be some what lapse but I would imagine once construction starts the apparatus will be guarded .........the whole of Kabwe wouldnt warrant it it has been open for years and sadly the raw unprocessed value of our ores bare no resemblance to gold nuggets

you can`t just pick it up and flog it lolololol

..............................................
who is the end product being sold to

Glencore spring to mind (they have inherited dumps) ....or any others who have an interest in copper production
............................................

You will note that the RNS`s have now become very specific in there wording whilst we call them vague they are infact detailed or as detailed as they need to be at this point ...just not as detailed as we would like lolol

Masoud has suffered with missed timescales ....many not of his own design I very much doubt he has set himself up to fail

Genuine questions/answers as I see them

Raz

I agree that people are generally more upbeat about things this time round (although SP says otherwise!) but it only takes one thing to have the slightest of hiccups and the whole thing goes pear shaped.

I keep going back to it but SHG were at 40p ish just before they were meant to be producing. Dropped to 12p because ops were delayed 6months. Like you say (pulens) one little thing and I think the SP could take a beating.

But what's the point of investing in a non-producing AIM stock without a bit of risk!? I'd prefer this to a junior oily that has unproved assets - still hundreds of millions invested in those!

- Liam

Bound to be doubts given history of BMR. Producing from 4 sites by early 2014 that's a big call by MA. Should he not deliver again he will be hammered as will the sp. I think this time he has told so many people that production will be this year I tend to think it will happen this time. We have a good partner in Ascot .

Liam

A good post, and we are waiting for more explicit news.

I have my own views, but RNS should be the true orator here!

I could go on but it's the weekend, and I am off out.

What I will say is that there will be plenty of takers for the Kabwe copper, we have two right on our doorstep for a start!

Keep posting, and GL!

RAZOR

A name like that deserves capitals! LOL!

My earlier ......IT IS ALL POSITIVE. Post, captures my feelings at present, so I am revisiting some of it.

When BMR finally start production, then will be the time to post "We have Wormsign"LOL!

IMO, We need II's to invest. Most long term holders who have made it this far now seem resigned to hold, ( yet there are so few posts by comparison to our heyday, when we were at 6P plus, and all we had was a promise of Kabwe and no assets) my own view is that the constant trading and shorting of this share on every small rise by a small element is an anchor around BMR's SP, simply because there is not enough volume, or new investors at present.

The current low volumes on AIM in general, allow for ludicrous swings in companies valuations, when for example £10,000 in small sells can wipe £1M plus off a companies value, yet a small but steady stream of buys have no impact at at all. Institutional investors give stability, increase shareholder confidence, and allow a share to gain traction, but it is not easy to gain their attention, when your market cap is below £50M, in an out of favour sector.

The markets are cyclical and rising global population Figures are in the headlines again, so I know that demographics and demand, will bring metals back in favour.

In any event our low cost of production per ton will be our greatest asset even if times are difficult. If you look back at BMR metal price projections, Current metal prices are still good for BMR, yet they will limit many companies from investing in new mines, and will create future shortages, yet I believe that they will still offer good profit margins for BMR right now. That means that we will make a killing in rising markets, and more importantly it also means that BMR will be an attractive proposition to outside interest, who have the strength and experience to really ramp up production and take advantage of our all our multi metal assets, especially the unexploited underground assets, which have huge latent potential.

Lead price: Cash Buyer $2099.50 per ton
Zinc price Cash Buyer $1817.50 per ton
Copper price Cash Buyer $7044.00 per ton

We need the right ammunition to create the interest that is required, and in the last RNS we have been promised some of it. There is still so much we do not know, for example some took some big chunks of BMR stock at much higher prices, and their is no evidence that they have sold out. Will there be JV or JV's, and OFFTAKE?

What I do know is that what you do with exciting information and good news based on real production figures once we have them, can make a huge difference, We must use them to maximum effeci, they should not be squandered. IMO by the AGM, things should be a lot clearer.

So much can happen, I am sure that there are still a few surprises in store, I just want BMR to get the maximum leverage from its achievements once we are in position.

Then.....

" The Art of Mining, Without Mining" can finally create some real interest in a relatively unknown, and undervalued AIM company, with good assets, in a prime mining jurisdiction.

It has been a long and testing road, but we are finally getting there.

Over to you.....

Firstly, I'm not a paid de-ramper, and i do hold shares (102,000~) so dont start with the aggressive comments this board is famous for!!

Production by Q3 is what has been stated. That means ore has to be being put through the machines by very latest 30th of September. 13.5 weeks away.

So far (these are what I believe to be true, would love to be disproved!) ;
> processing plant not on site (by what I can tell needs to be dismantled, moved, reassembled - what if parts are damaged or unsatisfactory upon delivery?),
> human resources to operate the plant haven't been sourced. Where will BMR get high quality labour from that understands how to run the site?
> what is security like at the site? Shanta Gold (SHG) employed a full security force, and erected high fences around the perimeter to stop locals taking what they so wish,
> who is the end product being sold to?

Just a few quick thoughts off the top of my head. I hope the company can hit its targets but I'm always cautious of new start-ups missing them, especially with only 14 weeks in which to do it!

- Liam
--- www.BulmerInvestments.com

STOP SHOUTING AT ME lolololol

A very good interview albeit brief

One thing is for sure all the naysayers are now struggling to doubt and sow the seeds of doubt

Gotta admit its been a bit of a nightmare at times lololol but the conditions in which MA has operated,manoeuvred and ultimately starting to deliver in has been nothing short of incredible

Lesser men would of crumbled or taken the easy route ...and many would of been far happier for it but he will not sell BMR short nor the longtermers do I class myself as longterm yet lolololol

We are getting there

We move to production ....on how many fronts

lolololololololol



Raz

' twas brillig !

Love the name!

On a daily chart we are above the 10 EMA, sat at above 50 RSI meaning if we can get some volume and buying in my simplistic view we may be able to initially target 2.75ish in the next few sessions. That could book you a nice 10% from here.

Trader cap says buy now, with a stop at 2.2ish to defend against any disasters.

News must be getting stacked up now, that interview yesterday was packed with potential newsy low over the next few months. Plenty of positives to take, we are all still in the dark about the funding for now though.

In MA we trust....

Hmm - will be interesting to see what the production figures for Cu will be towards the end of the year and those projected in 2014 Q1 when all four plants are running. A follow up with Zn/Pb production may well put some decent flesh onto this skeleton. The wheels are finally beginning to turn towards production but I think it will still be some time before we can break out of a single figure SP.

Efflorescent crusts is it. Hope there not leaching into the local water table

Great find Lee - so 4 processing plants in all. Music to my ears.

Devon - RNS a million has been set aside - not spent.

Ever had the feeling you wish you never bothered doing something???? Just googled my old uni mate from 10 years ago up he popped on linkedin head of uk stragic alliance at some global asset managment company lol if only I'd done his course and paid a bit more attention in class...
Perhaps he knows whats going on with bmr..

Possible source:

"in 2008, 601,505 t of Cu and Co concentrates from the Copper- belt were transported to the Sable Zinc Plc plant at Kabwe where they were milled, leached and refined, producing 10,767 t Cu and 565 t Co. Large volumes of sludge produced during the chemical leaching of ore concentrates were deposited in the local tailings pond."

"Efflorescent mineral crusts form on the surface of the wastes up to several cm thick at elevated sites surrounded by water ponds. These precipitates contain up to 143,200 ppm (14.32 wt%) of Cu and 14,170 (1.42 wt%) of Co (Table 1). Contents of other metals in precipitates such as Zn are also high (up to 1926 ppm)"

Bring on the spice or is it the copper, lead, zinc and all the other goodies

RAZOR

Best MA interview to date.......

Paul Atreides: Stilgar, do we have wormsign?

Paul Atreides: Now remember, walk without rhythm, and we won't attract the worm..........LOL!


There are three classes of people: .........

those who see,
those who see when they are shown,
those who do not see.- Leonardo da Vinci

It had long since come to my attention that people of accomplishment rarely sat back and let things happen to them. They went out and happened to things.

Leonardo da Vinci

How many of the silent majority are still reading this?

COME ON BMR!

Wrecker I posted before his interview so am much relieved.

LJC, brilliant timing, you are always switched on!

Highlights......

Number of High quality tailings available in Kabwe!

New Kabwe copper plant. "Very easily it can be increased", the £1M budget includes increasing the capacity! Deal clearly done at a significant discount!

Group from Ascot staying at Kabwe for the next 3-4 months

Production from 4 sites by Q1 2014

PULENS

Does MA sound like he is worried about funding?
Do his actions, reflect someone worried about funding?
Do his current statements in this interview, sound like someone worried about funding?

Brilliant! The mill for the Kabwe copper plant includes finance for upgrading it and mention of Chingola again at last - Plant there for Q1 14

ljc,

Great find. Thank you.

http://www.lse.co.uk/share-media.asp?shareprice=BMR&share=berkeley_min

:-)

Good to se you both so positive. Do either of you worry about how all this is going to be financed. We appear to be trying to produce on three fronts namely two at Kabwe and Ndola. On top of that there was talk of $25m plant at Chingola. I think JVs will be required

I kind of get what your prattling on about...

I am none the wiser for yesterday's RNS maybe I am being a little myopic but I am still a little confused by MA's plan - it seems to be a plan to head fjuck investors for aslong as possible.

Maybe BMR is just like one of hose great films where you have a million questions and then in the last scene everything makes sense... Exception being that in this case I am not enjoying the build up and I can't fast forward!

Copper processor at our mainly Zinc and Lead site.... Hmmmmm...

"If you wanna see the rainbow you gotta put up with the rain"
Dolly Parton

A very apt lesson

Some would do well to consider it

Plans within plans ...I see great houses feuding ...I see Masoud at the centre of it

(adaption of the spacing guild to corrino emperor of the known universe )

Lololol

Raz


No one has a phecking clue what were on about lmao lmao

RAZOR

That which submits rules. ... The willow submits to the wind and prospers until one day it is many willows — a wall against the wind. This is the willow's purpose.

Reverend Mother Gaius Helen Mohiam's hint to Paul regarding the Kwisatz Haderach

anyone have any idea as to what the money has been spent on? is a 29000 processor giving us a grand total of around 600t/yr of copper cement. any more clues? nope. the smoke and mirrors continue- this cant go on forever. good to see kabwe zinc/lead on track.

WREKER

I KNOW IT IS LOLOLOLOLOLOL

Am trying to spark the bb into life although I don`t post as much,I still watch and learn ...the big picture just keeps getting bigger

You hit both salient points on the head in your post along with others

a dream unfolds

The sleeper awakens ( leto atradies)

lololololol

Raz

All is fine Thank you OX

I have taken MA at his word and believe that BMR will grow either organically or via off takes etc ...I do not expect more shares to be issued out side of the known ...without very very good reason ...I do not consider working capital a good reason lololol.

I don`t bother with LSE at all now do read some posts from there on another site but thats about it some good posters but to many fall into the dross section ...they can work that out lololololol

Sorry to hear about BLVN don`t really know much about it...but I obviously hope it comes good for you

if your gonna keep checking here buy yourself a few nothing hurts like the one that got away

A thoroughly addicted

Raz


lololololol

RAZOR

IT IS ALL POSITIVE,!

BMRIONS

There has been a long silence, but despite the ludicrous rise, today's RNS once again proves that it Is always dangerous to second guess BMR, or underestimate our future potential.

We are all waiting, most of us having invested a great deal relative to our individual means, with many still uncomfortably below water, but MA has invested a great deal of himself in BMR, as well as money. His energy and enthusiasm for the company is amazing, and always comes through when you get an opportunity to speak to him. In real life things change, so I would be surprised if he did not adapt to obstacles and of course the opportunities that present themselves. Ask. Who really knows why BMR have suddenly decided on a copper plant in Kabwe, as well as Ndola?

What I do know is that MA is thrifty, he would not spend anything in business, unless he could see a serious return, I trust him on that score, as he has proved Over time that he holds the purse strings tight, that is why we do not have any debt! So I take this RNS news as a plus, something is definitely cooking, or there would not be a copper plant in Kabwe.

Africa is challenging, but the potential is immense, especially in Zambia, with its huge resources and rule of law, that's why the big players are here.

Lest we forget, MA has already exceeded his original ambitions asset wise for BMR, yet BMR was broke when it started. We can all moan about the time-frames, and unanswered questions, but he has carefully nurtured the company and kept costs low.

IMO, We need II's to invest, as despite what is said here, my own view is that the constant trading and shorting of this share on every small rise by a small element is an anchor around BMR's SP. This last year has been very difficult, in terms of getting Institutional investors interested in AIM companies, especially in our sector , which has been hit hardest.

Production is what we desperately need now, in these testing times it is the only way to attract institutional investors, who will give the BMR's SP the stability for a sustained rise. Only by starting to turn our assets into cash, "the proof of the pudding" to use his own words, can we deliver the detail on material quality, processing costs per ton and profits that they need to commit funds, he now knows this better than anyone, and the RNS's are encouraging.

"The Company intends to operate two sites and to commence the processing of the dumps acquired around Ndola in due course. ....When will crushing start at Ndola? surely news is Close.

"BMR expects the plant to be installed and ready for commissioning to commence copper processing during the third quarter" , .....but the question is where are we getting the material from, and why now? Exciting....

"As well as processing the lead and zinc dumps at Kabwe, the plans for which are on schedule......." More good news.

I hope to see my prediction that BMR will prove to be one of the lowest cost producers globally vindicated, for our three main assets, Copper, Lead and Zinc.

" The Art of Mining, Without Mining"should then create some real interest in a relatively unknown, and undervalued AIM company.

GLA