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Bens Creek Group PLC (BEN)

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Monday 31 January, 2022

Bens Creek Group PLC

First income

RNS Number : 0636A
Bens Creek Group PLC
31 January 2022
 

 

31 January 2022

 

Bens Creek Group plc

("Bens Creek" or the "Company")

 

First income

 

Bens Creek (AIM:BEN), the owner of a recently re-opened metallurgical coal mine in North America supplying the steel industry, is pleased to announce that, on Friday, 28 January 2022, it received the inaugural payment in relation to part payment for its first delivery of metallurgical coal to Integrity Coal Sales, Inc, New York ("Integrity").  Integrity is the Company's offtake partner. The generation of the Company's initial revenue is in line with the expected timescale set out in the Company's announcement, on 17 January 2022, of the delivery of 8,840 clean tons of Hi Vol B metallurgical coal to Integrity.

 

Adam Wilson, Bens Creek CEO, said "We are delighted to have received part payment for our first coal sales in accordance with the anticipated quality of our product and within the timelines previously announced. This is a key step towards what we hope will be the creation of a highly successful business."

 

For further information please contact:

Bens Creek Group plc

Adam Wilson, CEO

Raju Haldankar, CFO

 

+44 (0) 204 558 2300

Allenby Capital Limited (Nominated Adviser and Joint Broker)

Nick Athanas

Nick Naylor

George Payne

+44 (0) 203 328 5656

 

 

Optiva Securities Limited (Joint Broker)

Christian Dennis

Jeremy King

Daniel Ingram

 

+44 (0) 203 137 1902

 

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