Remember15 Dec 2021 09:55
Oct RNS. Bens Creek Group plc (AIM: BEN), the owner of a metallurgical coal mine in North America, is pleased to announce that it has entered into its first offtake agreement for its washed Hi-Vol-B metallurgical coal ("product") with Integrity Coal Sales, Inc. New York ("Integrity"). The agreement is for approximately 22,000 US Short ton ("ST") of product per month for an initial twelve-month period starting from January 2022 until December 2022. This agreement covers approximately 50% of the anticipated production volumes of the Group's proposed annual production under the existing mine plan.
We know first production commenced now. So will have first revenue soon.
BOD have clearly stated looking at new projects including those in neighbouring blocks.
Now we have finance sorted.
Looks like a nice strategic plan being worked and all will be unveiled soon enough. Holding tight and funds allowing looking for more top up/s.