Less Ads, More Data, More Tools Register for FREE

Bens Creek starts work with replacement highwall miner

Fri, 05th May 2023 11:47

(Sharecast News) - North American coal miner Bens Creek Group announced the arrival of a second highwall miner (HWM) on Friday, after it experienced issues with the initial one.

The AIM-traded firm said HWM unit number 77 had arrived at its site in pieces about eight weeks ago, but delays in infrastructure and software issues with its electronics caused problems with its operation.

Despite the best efforts of Mega Highwall Mining, the company's highwall mining contractor, certain electrical components were unobtainable, making it impossible to complete the necessary work.

After consultation between Mega HWM and Bens Creek, it was decided that a replacement highwall miner was the only alternative.

Mega HWM identified another highwall miner, unit 81, and moved it to the site on 1 May.

The firm said the machine was assembled and tested by 4 May, and was now fully operational.

Its initial announcement on 23 March hinted at the arrival of a new HWM, and Bens Creek said it was "delighted" to confirm that operations had now started with the second HWM.

"While we are obviously disappointed that we wasted considerable time with a highwall miner which proved to be unusable, we are delighted at the speed with which Mega HWM have moved to correct the problem," said chief executive officer Adam Wilson.

"We are now in the position to advance quickly to full production and deliver on our commitment to our shareholders."

At 1101 BST, shares in Bens Creek Group were up 4.48% at 17.5p.

Reporting by Josh White for Sharecast.com.

Related Shares

More News
21 May 2024 21:50

TRADING UPDATES: CVS sells Dutch and Irish loss-making businesses

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

16 May 2024 20:09

TRADING UPDATES: Bens Creek considers administration; Nexxen inks deal

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

13 May 2024 16:39

TRADING UPDATES: Adnams toasts first quarter sales; t42 wins deal

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

10 May 2024 16:39

EARNINGS AND TRADING: Asiamet Resources declares special dividend

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

10 May 2024 16:39

EARNINGS AND TRADING: Asiamet Resources declares special dividend

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

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.