Bisichi Achieves Major Price Increases

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."

                                      END                                      

For further information, please call:

Andrew Heller, Bisichi Mining Plc                                           +44
(0)20 7415 5030

Tom Kearney, Bisichi Mining Plc