REG - Bens Creek Group PLC - Permit approval

Bens CreekAnnouncement

22/09/2022 08:30

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RNS Number : 2888A  Bens Creek Group PLC  22 September 2022

The information contained within this announcement is deemed by the Company to
constitute inside information pursuant to Article 7 of EU Regulation 596/2014
as it forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 as amended.

 

 

22 September 2022

 

 

Bens Creek Group plc

 

("Bens Creek" or the "Company")

 

Permit approval

 

 

Bens Creek Group plc (AIM:BEN), the owner of a metallurgical coal mine in
North America supplying the steel industry, is delighted to provide an update
on the status of its permit application following the last update issued by
the Company on 25 July 2022.

 

As previously notified, an application for a permit to mine a much larger area
than is currently being mined by the first highwall miner was submitted to the
Department of Environmental Protection in West Virginia ("WVDEP") and has been
in the final stages of being approved by the WVDEP. This application has now
been approved by the WVDEP and Bens Creek Operations WV LCC, the Company's
wholly-owned operating subsidiary, has been granted the permit with an
effective date of 21 September 2022.

 

The granting of the permit is for an initial five year period and will now
allow Bens Creek to deploy a second highwall miner that is to be operated by
the Company's highwall mining contractor. This will enable the Company to
steadily increase its production of metallurgical coal from current levels as
it seeks to achieve its monthly production targets, as previously announced.

 

 

For further information please contact:

 Bens Creek Group plc                                            +44 (0) 204 558 2300

 Adam Wilson, CEO

 Raju Haldankar, Executive Director

 Murat Erden, CFO

 Allenby Capital Limited (Nominated Adviser and Joint Broker)    +44 (0) 203 328 5656

 Nick Athanas / Nick Naylor / George Payne (Corporate Finance)

 Kelly Gardiner (Sales and Corporate Broking)

 Optiva Securities Limited (Joint Broker)                        +44 (0) 203 137 1902

 Christian Dennis / Mariela Jaho / Daniel Ingram

 

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