27th Jan 2012 07:00
27 January 2012
BISICHI MINING PLC ("Bisichi" or the "Company")
Black Wattle obtains export tonnage allocation at Richards Bay Coal Terminal
Bisichi Mining PLC, the mining company with direct coal mining operations in South Africa, is pleased to announce that its principal South African coal mining subsidiary, Black Wattle Colliery ("Black Wattle") has been approved an allocation of 87,500 tonnes of export tonnage at Richards Bay Coal Terminal("RBCT").
The allocation falls under the Quattro Programme which allows junior black economic-empowerment ("BEE") coal producers access to the coal export market. The allocation is provided on an annual basis.
Commenting, Andrew Heller, Managing Director of Bisichi Mining said:
"Black Wattle is a fully operational opencast mine with well developed infrastructure, including a railway siding. The approval of allocation at RBCT will allow Black Wattle direct access to the coal export market. I would like to thank Vunani Ltd, our co-shareholder in Black Wattle, for all their hard work in helping Black Wattle obtain this allocation"
For further information please contact:
Andrew Heller, Bisichi Mining PLC 020 7415 5030
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