25M SA Rand financing facility re: Capital Inve...

STOCK EXCHANGE & PRESS RELEASE                         

                                 29 July 2004                                  

                              BISICHI MINING PLC                               

               25 Million SA Rand financing facility to support                

           Capital Investment Programme at the Black Wattle Colliery           

Bisichi Mining PLC ("Bisichi Mining or the Company"), the UK registered and LSE
listed mining company, announces that it has signed a 25 Million SA Rand
financing facility with ABSA Bank to support a broad programme of capital
investment at the company's Black Wattle Colliery.

The investment programme, which will include the purchase of a Voest Alpine
Continuous Miner, will substantially increase production at Black Wattle
Colliery at a time when international coal prices are at historic highs.

Commenting, Bisichi Mining managing director Andrew Heller said:

"The ABSA Bank facility is another important milestone achieved by Bisichi
Mining. In the past 12 months we have acquired high quality reserves directly
contiguous to the mine; with our partners, Endulwini Resources, we have gained
direct access to export markets via the Richards Bay Coal Terminal; and now,
with ABSA's financing in place, we have embarked on a program to increase
substantially the production at Black Wattle.  Bisichi Mining and its local
partners are now very well-positioned to benefit from the positive changes
taking place in South Africa."  

                                      END                                      

For further information, please call

Andrew Heller/Tom Kearney, Bisichi Mining 020 7415 5000

Christopher Joll, mj2 07721 330730

Notes to Editors:

 1. The Black Wattle Colliery, located in Middelburg, South Africa, is 62.5%
    owned by Bisichi Mining PLC (BISI.L). In early 2004, Endulwini Resources
    (Bisichi Mining's South African partner) was awarded 272,000 metric tonnes
    of allocation at the Richards Bay Coal Terminal, South Africa's leading
    coal export facility, for coal to be shipped from the Black Wattle Colliery
    for a 3 year period starting 1 April 2004.
   
 2. Bisichi Mining PLC (BISI.L) is a London-based mining and mining finance
    company with mining assets in South Africa and property assets in the
    United Kingdom. 2003 Profits on ordinary activities before taxation,
    depreciation, and amortization increased to £2,417,000 (2002: £1,225,000).
   
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