Contango shares jump after confirming talks with steel producers

Contango Silver & Gold

25/08/2021 11:34

** Shares of natural resource co  CGO.L  rise as much as 33%
to 7.70p; highest gain since May 5
    ** CGO responds to report https://businesstimes.co.zw/contango-afrochine-seal-off-take-deal
 regarding potential deal with Afrochine, Zimbabwean unit of
China's Tsingshan Group for coking coal 
    ** Says cannot give details due to non-disclosure agreements
but confirmed it was in discussions with two of the "largest
stainless-steel producers in the world", and other interested
parties
    ** CGO gained twice its value in 2020 but lost ~11% so far
this year

 (Reporting by Priyanshi  Mandhan in Bengaluru)
 ((Priyanshi.Mandhan@thomsonreuters.com; +91 9650985606;))