# INTERVIEW: Fox Marble Holdings Ramping up Production

- Link: https://www.directorstalkinterviews.com/interview-fox-marble-holdings-ramping-up-production/412766651
- Published: 2019-02-08T08:09:33+00:00
- Author: Giles Arbor

**Fox Marble Holdings plc** (LON: FOX) CEO Chris Gilbert talks to DirectorsTalk 
about its latest operating update. Chris talks us through the highlights, explains
how the proceeds from its share issue will be used, plans to open further offices
and just what else should investors be looking out for over the coming months.

Fox Marble, is a marble production, processing and distribution company in Kosovo
and the Balkans region.

Its marble products, which includes Illirico Bianco, Illirico Selene, Grigio Argento
and are gaining traction 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.

Fox Marble Holdings plc holds 40 year mining licences for six separate marble quarries
with a maiden JORC resource indicating an in-situ valuation of approximately Euro
16.5 billion. Fox has taken three of the six sites into production (the Drini and
Maleshevë quarries, both in Kosovo and from the Prilep Quarry in Macedonia) and 
continues to increase production. Notably, Fox has access to over 300 million cubic
metres (over 1bn tons) of premium quality marble.

Marble demand continues to grow with stable pricing, predominantly driven by the
construction and real-estate industries, on which Fox is looking to capitalise.

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