Update on commencement of underground mining

RNS Number : 8978M

Bens Creek Group PLC

26 May 2022

 

 26 May 2022

Bens Creek Group plc

("Bens Creek", the "Group" or the "Company")

Update on commencement of underground mining   

Bens Creek Group plc (AIM:BEN), the owner of a metallurgical coal mine in North America supplying the steel industry, confirms that the Company has commenced underground mining for the production of High Vol A (HVA) coal. The current price (on 24 May 2022) was $468 per metric tonne.

Adam Wilson, Chief Executive Officer of Bens Creek, commented:

"We are delighted that our auditors, PKF Littlejohn, and our nominated adviser, Allenby Capital Limited, were in attendance this week with the management team of Bens Creek to see the commencement of underground mining for our HVA product. This product enhances our offering to Integrity Coal Sales Inc., our offtake partner. The addition of HVA to our product line will further add value to our business."

For further information please contact:

Bens Creek Group plc Adam Wilson, CEO Raju Haldankar, CFO	[phone]
Allenby Capital Limited (Nominated Adviser and Joint Broker) Nick Athanas / Nick Naylor / George Payne (Corporate Finance) Kelly Gardiner (Sales and Corporate Broking)	[phone]
Optiva Securities Limited (Joint Broker) Christian Dennis / Mariela Jaho / Daniel Ingram	[phone]

 

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