REG - Contango HoldingsPLC - Award of Export Permit & First Sales from Muchesu

Contango HoldingsAnnouncement

30/08/2023 07:00

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RNS Number : 7241K  Contango Holdings PLC  30 August 2023

Contango Holdings Plc / Index: LSE / Epic: CGO / Sector: Natural Resources

30 August 2023

Contango Holdings PLC

("Contango" or the "Company")

 

Award of Export Permit and First Sales from Muchesu

 

Contango Holdings Plc, the producing London listed natural resource
development company, is pleased to announce the receipt of final approvals
relating to the export of coal from the Muchesu Project in Zimbabwe
("Muchesu") from the Minerals Marketing Corporation of Zimbabwe.

 

As a consequence, the Company is also pleased to report that it has now made
its inaugural sale to TransOre International FZE ("TransOre"), pursuant to its
existing offtake arrangement.  TransOre has already collected initial coking
coal product from the Muchesu mine site and additional trucks will shortly be
mobilised to Muchesu by TransOre, which intends to utilise its existing coal
export capacity at the ports of Maputo and Beira to export the product to its
international clients.

 

 

 

***ENDS***

 

 Contango Holdings plc                   E: contango@stbridespartners.co.uk

 Chief Executive Officer

 Carl Esprey

 Tavira Financial Limited                T: +44 (0)20 7100 5100

 Financial Adviser & Broker

 Jonathan Evans

 St Brides Partners Ltd                  T: +44 (0)20 7236 1177

 Financial PR & Investor Relations

 Susie Geliher

 

 

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