16th Jun 2022 18:21
Bens Creek Group PLC - London-based mining company focused in North America - Reports updated reserve base evaluation undertaken by Marshall Miller & Associates Inc of its coal properties in Mingo County, West Virginia.
According to the report, the properties contain an estimated in-place reserve base of 92.7 million tonnes, of which 33.6 million is estimated to be recoverable.
"We are delighted that the work undertaken by Marshall Miller has confirmed our expectation of improved coal reserves as a result of our recent coal lease agreements with MGC Inc and Star Ridge combined with our original property. The identified estimated in-place reserve base of 92.7 million tonnes, with an estimated recoverable tonnage of 33.6 million, should ensure that our mining targets are able to extend the life of our mining operations to meet the global demand for metallurgical coal," says Chief Executive Officer Adam Wilson.
Current stock price: 69.20 pence
12-month change: up sharply at 10.50p since Oct 19
By Dayo Laniyan; [email protected]
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