Has anybody seen that RHPS has recommended 3 sells one of them being the above? Can see tomorrow being a disasterous day!!!!!!!!

KeywordCompanyEPIC/TIDMSEDOL/ISIN Print Friday 01 July, 2011Berkeley Mineral Res
Luanshya Update
RNS Number : 5380J
Berkeley Mineral Resources PLC
01 July 2011



BERKELEY MINERAL RESOURCES PLC

("BMR" or "The Company")



Luanshya Update

Berkeley Mineral Resources Plc, which is primarily engaged in processing mining tailings, announces that, having carried out due diligence, it intends to enter into a Shareholders' Agreement with Ng'wena Mining Resources Ltd to acquire a majority holding in the Luanshya copper tailings, as per the Memorandum of Understanding announced on 4th May 2011.



The parties now intend to conclude the Shareholders' Agreement as soon as BMR is satisfied with due diligence still to be supplied by the vendors. The Shareholders' Agreement will also be conditional, inter alia, upon the grant of the appropriate mineral processing rights.



Total consideration for the 76% interest to be acquired is US$6 million, of which US$1.75m is payable on completion with the balance of US$4.25m payable in 2012.



A report completed in 2008 by RSG Global concluded that the three tailings Dams contained SAMREC- and JORC- Indicated resources of 162Mt of tailings material at a copper grade of 0.24%, in total containing 380,700 tons of copper metal. Metallurgical testwork carried out showed the tailings were amenable to processing byleaching of the oxides followed by flotation of the sulphide minerals.



Masoud Alikhani, Chairman, commented:



"Having completed the purchase of the lead and zinc tailings at Kabwe, where preparatory site work and JORC analysis has commenced, we are excited by the prospect of acquiring another valuable asset.



"Our interest in securing further substantial tailings resources has been confirmed by the due diligence we have carried out to date. We expect to be able to resolve the remaining points in the near future which will allow us to expand what is already a significant asset base."



1 July 2011



Contacts:

Masoud Alikhani, Chairman, Berkeley Mineral Resources 020 7408 1181

Jonathan Wright, Seymour Pierce 020 7107 8000

Michael Padley / Gary Middleton, Lothbury Financial Services 020 7868 2010





Notes for Editors



BMR is a minerals company with a primary strategy of investing in tailings processing. By accessing above-ground dump deposits with known grades and metallurgy, it avoids exploration or mining costs, has a secure licence and fixed environmental criteria, and can produce concentrates according to viability at current market prices.



The Kabwe deposits, located approximately 110km north of the Zambian capital Lusaka, were discovered in 1902. From 1906, Kabwe was a significant mine. By the time it closed in 1994, due to depletion of the massive sulphide mineralisation and lowered metal prices, it had produced about 1.8m tonnes of zinc, 800,000t of lead, 7,800t of vanadium pentoxide and lesser quantities of cadmium, silver and copper.



After closure, most of the mine complex was sold off on a piecemeal basis. BMR's project is part of an overall plan to re-assemble the Kabwe dumps site into a single entity operating under a single Small Scale Mining Licence.



BMR signed a MOU with Ng'wena Mining Resources in May 2011 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 4km of the original mine.

Good profit taking after the marked up is now ready for the proper rise @ 4.30p

Long time since the last comment, I have noticed the shares have move lower like the rest of the market, but something is going on today >>>>>>>>> VOLUME and a late rise till the close.

there was bid rumours reported in the Daily Mail and Independent newspapers last Wednesday.

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Mining and Resource Investor Evening

Following the resounding success of our previous events, Shares and MoneyAM are proud to offer another chance for you to meet, hear from and ask questions of key senior management figures from carefully selected companies.

This event offers an unique opportunity not only to hear about the latest plans from some of the most exciting companies in the sector, but also to put your questions to the people that matter. What is more, there is a free drinks and canapés reception where you can mingle with industry leaders and your fellow investors. Make sure you don't miss this unique opportunity to get the answers you need from the people who make the market.

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NEXT EVENT
Date: Thursday 13th September 2012

Venue: Novotel London Bridge,10 Pepys Street, London EC3N 2NR

Registration: 6.00pm

Presentations: 6.30pm followed by a drinks/canapés reception



Companies Presenting:



African Mining and Exploration plc




African Mining and Exploration plc (AME) is a West African focused exploration company formed in late 2010 by a key group of mining and exploration professionals with over 100 years’ of experience in the African mining sector. The Company recently acquired Caracal Gold Mali and now operates nine exploration permits in Mali. Six of which are in the centre of the Kenieba inlier in Western Mali, a block of ancient greenstones and granites hosting many significant gold deposits in Senegal and Mali thus making it one of the most important gold regions in Africa. The Company has developed an in house drilling operation which provides a cost effective and highly responsive exploration capability.

Mark Jones the CEO of AME will be addressing the audience in order to provide a brief overview of AME’s current operations, with particular emphasis on the Company’s unique competitive advantages relative to its peer group. Furthermore he will outline the next steps in exploration programme for the exciting opportunities on the company’s existing permits located in highly prospective areas, and will outline the Company’s vision for the future.

Speaker: Mark Jones (Chief Executive Officer)


Berkeley Mineral Resources plc



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.

Speakers: Masoud Alikhani (Chairman/Executive Director) and Mark Wainwright (Non-executive Director)


Horizonte Minerals Plc



Horizonte Minerals Plc. is an AIM and TSX quoted exploration and development company focused on mineral projects in Brazil. Horizonte has two committed major mining partners: Teck Resources Limited, a strategic shareholder and AngloGold Ashanti a JV partner.

Principal projects include the 100%-owned Araguaia Nickel Project in the Carajás mineral district of northern Brazil. The Board believes the Araguaia Project has the potential to host a global mineral resource of 100 million tonnes and is currently focused on developing the Project to the Feasibility stage.

Horizonte also has two Joint Venture Agreements with AngloGold Ashanti Limited: a US$5.3 million exploration alliance to generate and develop new and existing gold targets in Brazil and a US$4.5 million JV to fast-track resource drilling at the Company's Falcao gold project in northern Brazil.

The group is led by a management team with over 50 years of combined experience in the South American exploration and mining industry

Speaker: Jeremy Martin (Chief Executive Officer)



Minera IRL



Minera IRL Limited is a gold mining company listed in Toronto, London (AIM) and Lima with 100% owned gold projects in both Peru and Argentina. The Company is led is led by Executive Chairman, Courtney Chamberlain and backed by senior management with extensive industry experience, particularly operating in South America.

Minera operates the Corihuarmi gold mine in Peru and two developing gold mines; Ollachea in Peru and Don Nicolas in Argentina. An impressive resource base with a current inventory of 1.8moz measured and indicated plus 1.4Moz in the inferred category, as well as near mine exploration upside in Peru and one of the largest tenements in the Santa Cruz Province, Patagonia, means Minera is poised for rapid growth.


Courtney Chamberlain – Executive Chairman will provide a run through of the Minera’s asset portfolio, countries of operation and financials.

Particular attention will be paid to;

• The “cash generator” open-pit Corihuami gold mine in Peru, its current production levels and cash flow;

• The flagship gold project, Ollachea in Peru; its pre-feasibility study and planned feasibility study for Q4 12, the reserve base, potential production levels and project schedule;

• The Company’s next mine, the open-pit Don Nicolas project in Argentina; its positive feasibility, the reserve base and potential production levels, and project schedule.

• The Company’s exciting upside exploration portfolio; near mine and brown and green field.


Speaker: Courtney Chamberlain (Executive Chairman)

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Good Evening,

Better late than never, it struck me that some of you may only be using SharePrice and not our sister company Interactive Investor's website. Please feel free to register and attend their investor evening tomorrow.



Interface event on 25 October 2012.

We are excited to announce the companies and speakers for our upcoming Interface event:

Berkeley Mineral Resources – Masoud Alikhani, Chairman and Executive Director

Strategic Minerals – Paul Harrison, CEO

Fox Marble – Chris Gilbert, CEO

This is a unique opportunity to get key insights, learn about individual prospects and get your individual questions answered. As most investors know, having the right information when it matters is what counts for successful investing.

You'll also have a chance to network with fellow investors at our drinks reception.

You won't want to miss our first INTERFACE evening, taking place on:

Thursday 25 October 2012 at 6pm
at the Grange Hotel, St Paul's, London, EC4V 5AJ

There is no charge for this event but you will need to register now to ensure your place.

Find out more
Please note: The views expressed by the speakers are their own and do not represent the views or opinions of Interactive Investor.

Regards,

Tim Huckle

At 2.45p

Rising from bottom and there is more buying than lately today. The TA has gone positive with MACD crossing over 0

Moving fast as volume goes close to 3.8M

A futher spike just now to 2.725p
and looking like a DOUBLE BOTTOM at 2.20p

3 Directors buying
DIRECTORS' DEALINGS

Berkeley Mineral Resources Plc, announces that it has been informed that Masoud Alikhani, Mark Wainwright and Horacio Furman all of whom are Directors of the Company, purchased ordinary shares in the Company on Wednesday 12 December 2012.
Mr Masoud Alikhani purchased 1,000,000 ordinary shares in the Company at a price of 2.70 pence. Following this transaction, Mr Alikhani will hold a total of 21,495,958 shares in BMR representing 1.98% of the Company's issued share capital.

Mr Mark Wainwright purchased 148,148 ordinary shares in the Company at a price of 2.70 pence. Following this transaction, Mr Wainwright will hold a total of 1,145,648 shares in BMR representing 0.11% of the Company's issued share capital.

Mr Horacio Furman purchased 518,518 ordinary shares in the Company at a price of 2.70 pence. Following this transaction, Mr Furman will hold a total of 2,734,779 shares in BMR representing 0.25% of the Company's issued share capital.

http://www.investegate.co.uk/berkeley-mineral-res--bmr-/rns/copper-plant-acquisition--production-q3/201306120700048148G/

Watch this space.

LISTEN:Berkeley Mineral Resources (BMR)- Kabwe update

Listen to the interview

LISTEN AUDIO WEBCAST: Berkeley Mineral Resources (BMR) - Kabwe washplant DFS

CLICK HERE

don't think this will have an effect on that share price but nevertheless, the chairman speaks bout the ambulances they have donated interview on LSE

Looks like it wants to turn, after the rise this afternoon and managed to hold for the day finishing at best.

The monthly chart has the look of a DOUBLE BOTTOM, so it could start on the way up, help by metal prices moving higher again.

Another move up today with some interest showing by the number of trades going on

bullish outlook if everything goes to plan ..........

BMR gives update on Kabwe

Berkeley Mineral Resources expects environmental project brief approval for Kabwe to be received within a two-month period from the Zambian Environmental Management Agency.

After commissioning of the oxide copper cement plant, the input rate of processing the copper feedstock material is expected to be at an initial rate of 1,000 tonnes per month before ramping up to the full capacity of the plant of 3,000 tonnes per month over an estimated six month period.

The company says that at this rate, copper cement volumes of between 100 tonnes and 120 tonnes per month at an expected grade of 94% will be produced, providing an operating profit of approximately US$250,000 per month.

A very good momentum late last Friday, could be time for the move forward considering last Monday Marked up to 2.55p after the news

LISTEN: Masoud Alikhani, Chairman of Berkeley Mineral Resources, discusses a new cooperation agreement

Click here to listen