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Share Price Movement

27th Jun 2013 10:40

RNS Number : 0024I
Beacon Hill Resources plc
27 June 2013
 



27 June 2013

 

Beacon Hill Resources Plc / AIM: BHR / ASX: BHU / Sector: Mining

 

Beacon Hill Resources Plc ('Beacon Hill' or 'the Company')

Share Price Movement

 

The Board of Beacon Hill Resources Plc, the AIM and ASX listed coal producer focussed on Mozambique, notes the recent fall in the Company's share price.

Rowan Karstel, CEO of BHR commented: "Shareholders should be re-assured that the isolated incidents of isolated security incidents over the previous week have had no impact on our mining operations in Tete, Mozambique. In addition, we do not anticipate any future effect on our rail operations, which, in any event, are not due to commence until Q3 2013. We expect heightened political activity to persist until the conclusion of the 2014 elections and our team continues to work closely with CFM (Mozambique Ports and Railways) and the Government of Mozambique to monitor the situation.

"In terms of Company update, I am pleased to say that we will issue our updated reserve statement shortly and, in addition, a further operational update on the substantial progress we have made in commissioning the wash plant during the month of June. We have been running at up to 3,000 tons per day of run of mine (ROM) feed producing both coking coal and thermal to expected specification and qualities."

 

**ENDS**

For further information, please contact:

Beacon Hill Resources Plc

Justin Farr-Jones, Chairman ([email protected])

Rowan Karstel, Chief Executive Officer ([email protected])

Timothy Jones, Group Finance Director ([email protected])

+ 44 (0) 1372 464 549

Canaccord Genuity Limited (Nominated Adviser)

Andrew Chubb / Joe Weaving

 

+44 (0) 20 7523 8000

St Brides Media & Finance Limited (Financial Public Relations)

Susie Geliher / Elisabeth Cowell

 

+44 (0) 20 7236 1177

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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