Berkeley Minerals Shares Jump 24% As Zambia Grants Kabwe Approval

Berkeley Mineral Resources PLC said Friday its subsidiary Enviro Processing Ltd has been granted approval for its processing operations at Kabwe in Zambia.

The confirmation was revealed in the Zambian press, and the company said that, following a formal notification, it will look at commencing processing as soon as possible.

“It has taken time to secure what are very significant assets, ensure that the company is protected from historic environmental claims, and then to receive the approval for processing, but we are now there, and shareholders can look forward to steadily growing cashflow over a number of years,” said Chairman Masoud Alikhani in a statement.

Shares in Berkeley Mineral Resources jumped on the news and were trading up 24% at 1.86 pence Friday afternoon.

By Hana Stewart-Smith; [email protected]; @HanaSSAllNews