25th Sep 2023 10:41
Shuka Minerals PLC - Africa-focused mine operator and developer - Says the first half of 2023 was "transformative" for the company as it reports a narrowed interim loss and higher revenue. Pretax loss narrows to GBP746,323 in the first half of 2023 from GBP820,640 the previous year. Revenue rises to GBP68,926 from GBP56,146. Says the most notable development during the period was the investment it was able to secure with Q Global Commodities Group, which it describes as one of South Africa's leading independent commodity, mining, logistics and investment funds, and with Gathoni Muchai Investments Ltd, an East Africa-based mining investment group. Says this investment has ensured that it has been able to fund its ongoing working capital needs and corporate and mining development activities. Read More
