Fox Marble Holdings PLC Recommencing operations in the Cervenille quarry (1425Y)
07 September 2020 - 4:00PM
UK Regulatory
TIDMFOX
RNS Number : 1425Y
Fox Marble Holdings PLC
07 September 2020
7 September 2020
Fox Marble Holdings plc
("Fox Marble" or the "Company")
Recommencing operations in the Cervenille quarry in Kosovo
Fox Marble, the AIM listed company focused on marble quarrying
and processing in Kosovo and the Balkans region, is pleased to
announce that it is recommencing operations in its Cervenille
quarry in Kosovo.
The Cervenille quarry was originally developed and became
operational in 2013 and was reopened last week due to increasing
demand for material. This quarry contains Grigio Argento (warm grey
with gold veins) as well as Flora (grey red) and Rosso Cait (red)
marble.
Fox Marble has seen significant demand for Grigio Argento. This
material has been used within high end projects such as the St
Georges Homes project at Chelsea Creek in London and is currently
being supplied to recently announced municipal projects at Suhareka
and Podujeva in Kosovo. The current range of orders that Fox Marble
is fulfilling is utilising significant quantities of this material,
and as such the Company has restarted operations at the quarry.
This will ensure sufficient stocks of block material for existing
and future projects as well as the winter shut down of the
quarry.
Chris Gilbert, CEO, commented :
"Through recent marketing efforts we have been seeing increasing
demand for our Grigio Argento marble. We have recommenced our
operations in Cervenille to fulfil the appetite for this material.
This will allow us to continue to service existing contracts for
projects and allow us to continue to grow sales at the
factory."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014
For more information on Fox Marble please visit
www.foxmarble.net or contact:
Fox Marble Holdings plc
Chris Gilbert, Chief Executive Officer Tel: +44 (0) 20 7380
0999
Fiona Hadfield, Finance Director Tel: +44 (0) 20 7380
0999
Allenby Capital (Joint Broker) Tel: +44 (0) 20 3394
Nick Naylor/Nick Athanas/Liz Kirchner 2973
(Corporate Finance)
Amrit Nahal (Sales)
Brandon Hill Capital (Joint Broker)
Oliver Stansfield Tel: +44 (0) 20 3463
5000
Cairn Financial Advisers LLP (Nomad)
Liam Murray/Sandy Jamieson Tel: +44 (0) 20 7213
0880
Notes to Editors:
Fox Marble ( AIM: FOX ), is a marble production, processing and
distribution company in Kosovo and the Balkans region.
Its marble products, which includes Alexandrian Blue,
Alexandrian White, Breccia Paradisea, Etruscan gold and Grigio
Argento and are gaining sales globally both to international
wholesale companies as well as being supplied directly into luxury
residential properties. In the UK these include among others St
George's Homes and Capital and Counties Plc's Lillie Square
development. In Sydney, Australia Rosso Cait, Alexandrian White and
Breccia Paradisea marble have been used in what is expected to be
Australia's most expensive residential property. These sales serve
to demonstrate the desirability of Fox's premium marble products as
the stone of choice in some of the most prestigious and expensive
residential developments around the world.
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END
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