21st Feb 2008 07:00
21 February 2008
BISICHI MINING PLC BISICHI MINING ACHIEVES MAJOR PRICE INCREASES FOR ITS SOUTH AFRICAN COAL PRODUCTS
Bisichi Mining PLC, whose principal direct coal mining investment is Black Wattle Colliery, located in Middelburg, South Africa, is pleased to announce that it has achieved major price increases for its coal products at the Black Wattle Colliery, as follows:
* Steam Coal: 64% increase in price from Q2 2008 to Q1 2009 * Metallurgical Coal: 42% increase in price from Q1 2008 to Q3 2008
Andrew Heller, Managing Director, commented:
"With domestic and international coal markets at an historic high we have moved swiftly to lock in significant price increases. Our success in this regard has given Bisichi a very strong start to 2008, on which we plan to build."
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For further information, please call:
Andrew Heller, Bisichi Mining Plc +44
(0)20 7415 5030
Tom Kearney, Bisichi Mining Plc
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