Contango Holdings rises on collaborating with MNC for coal project
05/12/2022 10:11
** Shares of natural resource Contango Holdings CGO.L up
as much 8.6%% at 6.3p
** Co says it has signed a memorandum of understanding with
a MNC with regards to its Muchesu coal project in Zimbabwe
** Co did not name the MNC, but says it is "active in
Zimbabwe and is a world leader in its field"
** Says collaboration includes coking coal, manufacture of
coke; first phase of due diligence expected to close in Q1
** As per last close stock down 22% YTD
(Reporting by Sinchita Mitra in Bengaluru)
((Sinchita.mitra@thomsonreuters.com))