24th Aug 2020 16:29
Contango Holdings PLC - natural resource development company - Signs a letter of intent with CoalZim Marketing Pvt Ltd relating to an offtake agreement for coal products produced at the company's Lubu coalfield project in Zimbabwe. LoI establishes the framework for formal offtake documentation. CoalZim has in principle agreed to purchase an anticipated 2,000 metric tonnes of 28CV metallurgical coal per month. Sales price of between USD100 and USD120 per metric tonne of coal achievable based on discussions.
Current share price: 5.90 pence
By Tapan Panchal; [email protected]
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