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IN BRIEF: Bens Creek falls as draws down USD9 million

Tue, 19th Mar 2024 14:11

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.

Current stock price: 2.72 pence each, down 16% in London on Tuesday

12-month change: down 85%

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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