South Africa, US to resume trade talks as tariff deadline looms
Contango installs weighbridge at Muchesu coal project in Zimbabwe
10:22 CAT | 09 Aug 2023
Image: Twitter / @ContangoPlc
Contango Holdings PLC on Tuesday said the installation of the weighbridge at the Muchesu coal project in Zimbabwe was completed last week and is now fully operational.
The natural resource development company with operations in Africa said this enables trucks to collect coal from Muchesu, while meeting the necessary standards for the sale and transportation of bulk commodities in Zimbabwe “and beyond”.
Contango said it would also help confirm the the tonnages and subsequent sales totals, while noting that production is ongoing and that a “sizeable” stockpile has been built.
It expects to announce first sales and receive first revenues this month from TransOre International FZE, as previously announced. It will provide further updates upon first sales, Contango said.
Shares in Contango were up 0.3% to 4.82 pence each in London on Tuesday at midday.
We are pleased to confirm the installation of the weighbridge at the #CGO Muchesu Coal Project was completed last week and is now fully operational.
Below, a short video filmed in July, of the mine’s operations : https://t.co/COA3u5wkxhhttps://t.co/W9ktkRgV7d pic.twitter.com/jrhONXk3Eg
— Contango Holdings Plc (@ContangoPlc) August 8, 2023
Source: Alliance News
Show comments
Also read
Leave a Reply
Be the First to Comment!
You must be logged in to post a comment.
You must be logged in to post a comment.