IN BRIEF: Contango receives first USD200,000 royalty payment
2nd Jan 2025 11:13
Contango Holdings PLC - Zimbabwe-focused metallurgical coal producer - Receives its first royalty payment of USD200,000 from the Muchesu coal project in Zimbabwe from the investor Huo Investments Ltd. It says it expects to receive a further USD800,000 this month. The company says it will be paid a minimum of USD2.0 million per year, with additional amounts based on coal production. It says a further minimum USD1.0 million will be paid around the end of the first quarter. Read More