Update on initial production

RNS Number : 2903U

Bens Creek Group PLC

01 December 2021

 

1 December 2021

Bens Creek Group plc

("Bens Creek" or the "Group")

Update on initial production

Bens Creek Group plc (AIM:BEN), the owner of a metallurgical coal mine in North America supplying the steel industry, is pleased to announce the recovery of first metallurgical coal deposits from its Bens Creek site in West Virginia, USA. This milestone in the Group's production plan follows the delivery, assembly and start-up of the highwall miner. The single highwall miner and related highwall mining equipment was supplied to the Group by Mega Highwall Mining LLC ("MHW") pursuant to the contract mining services agreement that has been entered into between MHW and the Group, details of which were announced by Bens Creek on 29 October 2021.

Adam Wilson, CEO of the Company, commented:

"As stated in the Group's admission document, published on 13 October 2021, the Group aimed to move into production by the end of the fourth quarter of 2021. I am therefore pleased we have exceeded the anticipated target date to commence production and accordingly we are on our way to commencing generating revenue in 2022.  Despite the Thanksgiving holidays in the United States, the operational teams on the ground remained focussed to ensure this key milestone was met, ahead of schedule."

Pictures of the first coal production are available to view on the Group's website at  https://benscreek.com/production.html.

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	[phone]
Optiva Securities Limited (Joint Broker) Christian Dennis Jeremy King Daniel Ingram	[phone]

 

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