Bens Creek Group PLC - London-based coal mine operator and owner with projects in North America - Commences the sale and delivery of metallurgical coal. The initial agreed volume with Integrity Coal Sales Inc is to deliver the equivalent of 8,840 clean tonnes of high-vol B coal. Payment for the initial delivery is expected over the next ten days. Bens Creek explains that the early delivery of metallurgical coal to Integrity accelerates by more than one month its generation of revenue and starts the fulfilment of the off-take agreement announced on October 21 which provides for the delivery of 22,000 clean tonnes per month.
Current stock price: 38.00 pence, up 10% on Monday in London
12-month change: up sharply from 10.50p on October 19
By Heather Rydings; heatherrydings@alliancenews.com
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Bens Creek (BEN)