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26 Mar 2024 13:39

Bens Creek draws additional working capital from largest shareholder

(Alliance News) - Bens Creek Group PLC announced on Tuesday that it has drawn additional financing to cover the requirements of its North American mining projects.

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19 Mar 2024 14:11

IN BRIEF: Bens Creek falls as draws down USD9 million

Bens Creek Group PLC - Owner and operator of coal mines across the US - Draws down USD7.5 million under the working capital facility in place with Avani Resources Pte Ltd. Avani is a Singapore-based commodities trader, Bens Creek's largest shareholder with a 30% stake. Avani have also advanced a further USD1.3 million to Bens Creek as part of the discretionary component of the facility. The facility was announced earlier in March.

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19 Mar 2024 10:44

AIM WINNERS & LOSERS: PHSC notes buyback; Gfinity up on interims

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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6 Mar 2024 16:59

IN BRIEF: Bens Creek up on new USD7.5 million working capital facility

Bens Creek Group PLC - Owner and operator of coal mines across the US - Enters into an amended loan instrument and security agreement with Avani Resources Pte Ltd, a Singapore-based commodities trader, Bens Creek's largest shareholder with a 30% stake. Avani will provide Bens Creek with a working capital facility of USD7.5 million, alongside an additional USD2.5 million at its discretion. To date, Avani has advanced USD5.0 million to Bens Creek, USD4.3 million of which was advanced in February. Avani has also agreed to restructure its outstanding USD6.5 million loan note, issued by Bens Creek in July. Due for repayment in January 2025, the pair have agreed that the loan note shall now be a rolling loan note, remaining open until either its repayment or the event of a default.

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29 Feb 2024 19:42

EARNINGS AND TRADING: East Star, Getech strike Kazakhstan JV

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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27 Feb 2024 21:12

TRADING UPDATES: Armadale Capital eyes Mahenge project financing

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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22 Feb 2024 18:45

EXECUTIVE CHANGES: M&C Saatchi hires Channel 4 marketing chief as CEO

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:

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9 Feb 2024 10:02

AIM WINNERS & LOSERS: Belluscura shares up as wraps up TMT takeover

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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9 Feb 2024 09:44

Bens Creek inks new working capital facility after tough start to 2024

(Alliance News) - Bens Creek Group PLC said that operational challenges over the recent period had impacted the company's cash flow, forcing it to update funding arrangements with its largest shareholder.

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9 Feb 2024 09:32

Bens Creek CEO to step down, secures new loan with major shareholder

(Sharecast News) - Coal mine owner Bens Creek revealed on Friday that chief executive Adam Wilson will step down from the role and said it had arranged a new loan with major shareholder Avani.

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8 Jan 2024 09:53

IN BRIEF: Bens Creek quarterly production grows by more than half

Bens Creek Group - owner of a metallurgical coal mine in the US state of West Virginia - Produces 112,342 clean tons of metallurgical coal between October 1 and December 31, reflecting a 53% increase from 73,655 tons in the same period in 2022. Says it was restricted in production in November and December because of a slowdown in the availability of trains in the quarter, particularly in December, which saw a build-up in inventory to around 90,000 tons. This was then reduced to less than 60,000 tons after some deliveries were completed. Notes that the reduced availability of trains was due to coal handling capacity issues at the Port of Norfolk. Chief Executive Officer Adam Wilson says: "This increased production is further enhanced by the reduction of costs per ton from June 2023, and the recent rebound in the metallurgical coal price from its lows of USD191 in August 2023 to USD250 at the current time."

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28 Dec 2023 16:46

London close: Stocks slip as US jobless claims top expectations

(Sharecast News) - London's stock markets experienced a modest decline on Thursday, as the day unfolded with a pronounced lack of significant market-moving developments.

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28 Dec 2023 12:27

London midday: Stocks reverse gains to turn lower at lunchtime

(Sharecast News) - London's stock markets had turned negative by lunchtime on Thursday, reflecting a subdued trading environment during the typically quiet period between Christmas and New Year.

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28 Dec 2023 12:01

Bens Creek losses widen as it maintains operational progress

(Sharecast News) - North American metallurgical coal miner Bens Creek reported a significant first-half milestone on Thursday, as it produced 204,998 tons of clean metallurgical coal, marking a 105% increase compared to the same period last year.

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28 Dec 2023 10:25

AIM WINNERS & LOSERS: Zanaga powers up in the Republic of Congo

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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