18th Jan 2022 11:53
Bens Creek Group PLC - London-based coal mine operator and owner with projects in North America - Subsidiary Ben's Creek Operations WV LLC enters into contract to purchase Superior highwall miner and related equipment for use at Bens Creek mine, for USD2.5 million cash. Bens Creek says machine has the potential to "double" production capability, and boost revenue generation. The mining company says it will complement the acquisition of the first highwall miner operated by its contract partner Mega Highwall Mining LLC. Delivery is expected in February for deployment in second-quarter of 2022, to be operated by MHM.
Current stock price: 40.40 pence, up 3.6% in London on Tuesday
12-month change: up sharply from 10.50p on October 19
By Elizabeth Winter; [email protected]
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