Watts,Blake,Bearne - Stmnt re Fuchs'sche Tongruben
November 13 1997 - 2:31AM
UK Regulatory
RNS No 3614f
WATTS BLAKE BEARNE & COMPANY PLC
13th November 1997
WATTS BLAKE BEARNE & CO PLC
- leading international producer of ceramic raw
materials announces an important business
development
- WBB's German Division in negotiations to purchase
additional mining rights
Fuchs'sche Tongruben GmbH ('Fuchs'), the main German
operating company of leading international ball clay
producer Watts Blake Bearne & Co PLC ('WBB'), today
announces that it is at an advanced stage of negotiation
with Keramchemie GmbH ('KCH') for the purchase of
extensive rights to mine high-quality ball (or "plastic")
clays in an existing quarry and in the important
Berggarten concession, situated in the Westerwald region
of Germany.
KCH, who are selling for strategic reasons, estimates
there are 10 million tonnes of accessible reserves of
clay in the concession. This would secure Fuchs'
position as one of the leading suppliers of ceramic raw
materials in the region for decades to come.
Both parties are intent on bringing the deal to a
successful conclusion by the year end, at which point a
further announcement will be made.
Additional background information about the WBB Group and
its products may be obtained from:
Steve Carreck (Publicity Manager)
Watts Blake Bearne & Co PLC
Park House, Courtenay Park, Newton Abbot, Devon TQ12 4PS
Tel: 01626 33 2345 (Fax: 2344)
or via the Group's web site: www.wbb.co.uk
END
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