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Pin to quick picksBens Creek Regulatory News (BEN)

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First deliveries - Hi Vol B product

17 Jan 2022 07:00

RNS Number : 5470Y
Bens Creek Group PLC
17 January 2022
 

17 January 2022

 

 

Bens Creek Group plc

("Bens Creek" or the "Company")

 

First deliveries - Hi Vol B product

 

Bens Creek Group plc (AIM:BEN), the owner of a recently re-opened metallurgical coal mine in North America supplying the steel industry, is pleased to announce that, following discussions with Integrity Coal Sales, Inc. New York ("Integrity") the Company's offtake partner, the Company has commenced the sale and delivery of metallurgical coal. The initial agreed volume with Integrity is to deliver the equivalent of 8,840 clean tons of Hi Vol B coal. Payment for this initial delivery is expected to be made over the course of the next ten days.

 

The early delivery of metallurgical coal to Integrity accelerates by more than one month the generation of revenue by the Company and starts the fulfilment of the requirement under the offtake agreement announced on 21 October 2021 which provides for the delivery of 22,000 clean tons per month.

 

Adam Wilson, CEO said: "I am delighted to announce that Bens Creek has commenced delivery of production to the metallurgical markets ahead of schedule. This speaks well of the Company and its wider production team, which has helped us to develop and mine a dormant reserve within a short period of time. Our ability to commence delivery to a marketing entity, like Integrity, reaffirms the quality of reserves that Bens Creek possesses".

 

 

For further information please contact:

Bens Creek Group plc

Adam Wilson, CEO

Raju Haldankar, CFO

 

+44 (0) 204 558 2300

Allenby Capital Limited (Nominated Adviser and Joint Broker)

Nick Athanas

Nick Naylor

George Payne

+44 (0) 203 328 5656

 

 

Optiva Securities Limited (Joint Broker)

Christian Dennis

Jeremy King

Daniel Ingram

 

+44 (0) 203 137 1902

 

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Date   Source Headline
16th Jun 20224:36 pmRNSPrice Monitoring Extension
16th Jun 20227:00 amRNSReserve Base Evaluation
8th Jun 20229:15 amRNSFurther rail delivery
6th Jun 20227:00 amRNSCommencement of rail delivery & loan facility
31st May 20225:00 pmRNSTotal Voting Rights
26th May 20227:00 amRNSUpdate on commencement of underground mining
13th May 20227:00 amRNSExercise of warrants and change to TVR
11th May 20229:01 amRNSDirector/PDMR Shareholding
6th May 20225:35 pmRNSDirector/PDMR Shareholding
6th May 20227:00 amRNSBusiness update, directorate change & option grant
29th Apr 20225:30 pmRNSTotal voting rights and warrants in issue
14th Apr 20227:00 amRNSEntry into coal sub-lease agreement
6th Apr 20227:00 amRNSExercise of warrants and change to TVR
31st Mar 20225:00 pmRNSTotal Voting Rights
21st Mar 20227:00 amRNSExercise of warrants and change to TVR
14th Mar 20225:30 pmRNSStatement regarding Rule 7 lock-in
14th Mar 20227:00 amRNSCoal production and delivery update
28th Feb 20225:00 pmRNSTotal Voting Rights
28th Feb 20224:42 pmRNSSecond Price Monitoring Extn
28th Feb 20224:37 pmRNSPrice Monitoring Extension
28th Feb 20222:05 pmRNSSecond Price Monitoring Extn
28th Feb 20222:00 pmRNSPrice Monitoring Extension
25th Feb 20227:00 amRNSUpdate on wash plant and the second highwall miner
21st Feb 20224:41 pmRNSSecond Price Monitoring Extn
21st Feb 20224:35 pmRNSPrice Monitoring Extension
18th Feb 20227:00 amRNSIssue of a second CLN to raise US$6.0 million
18th Feb 20227:00 amRNSExercise of warrants and change to TVR
7th Feb 20227:00 amRNSExercise of warrants and change to TVR
31st Jan 20225:00 pmRNSTotal Voting Rights
31st Jan 20227:00 amRNSFirst income
28th Jan 20223:19 pmRNSHolding(s) in Company
24th Jan 20227:00 amRNSHolding(s) in Company
18th Jan 20227:00 amRNSPurchase of a second highwall miner for Bens Creek
17th Jan 20224:41 pmRNSSecond Price Monitoring Extn
17th Jan 20224:36 pmRNSPrice Monitoring Extension
17th Jan 20222:05 pmRNSSecond Price Monitoring Extn
17th Jan 20222:00 pmRNSPrice Monitoring Extension
17th Jan 20227:00 amRNSFirst deliveries - Hi Vol B product
14th Jan 20227:00 amRNSExercise of warrants and change to TVR
10th Jan 20227:00 amRNSResult of coal quality analysis - Hi Vol B product
31st Dec 202112:30 pmRNSTotal Voting Rights
22nd Dec 20217:00 amRNSHalf-year Report
16th Dec 20211:00 pmRNSCoal lease agreement on contiguous property
15th Dec 20217:00 amRNSIssue of Convertible Loan Notes raising $6 million
8th Dec 202111:00 amRNSExercise of warrants and change to TVR
7th Dec 20217:00 amRNSHolding(s) in Company
7th Dec 20217:00 amRNSDirector / PDMR shareholding
2nd Dec 20212:00 pmRNSPrice Monitoring Extension
1st Dec 20215:55 pmRNSUpdate on initial production
30th Nov 20215:00 pmRNSTotal Voting Rights

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