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Bens Creek Group PLC - owner of a metallurgical coal mine in the US state of West Virginia - Says the highwall miner unit 81 is expected to recommence operating on Monday next week. In June, Bens Creek said arrival, installation, and start of operations of highwall miner unit 81 was temporarily withdrawn from service, as it waited for completion of repairs and the re-establishment of necessary benching after a mining incident earlier that month.
Other than a reduction in production on a temporary basis, Bens Creek says it has suffered no costs, other than benching repair. It adds that it remains confident that it will fulfil all its current orders.
Chief Executive Officer Adam Wilson says: "We are delighted that HWM 81 will be returning to operations later this month on schedule. We remain confident that we will meet our production targets and fulfil all our orders."
Current trading price: 14.50 pence, up 5.5% on Monday morning
12-month change: down 59%
By Sophie Rose, Alliance News reporter
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